According to the document disclosed by Hong Kong Stock Exchange on June 27th, Zhang Wenwu increased his shareholding on June 25th at an average price of HKD 7.5286 per share.$CITIC (00267.HK)$He bought 44,000 ordinary shares with a value of approximately HKD 331,300. After the increase, Zhang Wenwu's latest shareholding is 80,000 shares with a holding ratio of 0.00%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.