On June 27th, according to the documents disclosed by the Hong Kong Stock Exchange on June 27th, Curicao Company Limited increased its shareholding by buying 717,000 ordinary shares at an average price of HKD 6.647 per share, with a total value of approximately HKD 4.7659 million. After the increase, the latest number of shares held by Curicao Company Limited is 304 million, and the good warehouse ratio has increased from 6.43% to 6.44%.$HANG LUNG PPT (00101.HK)$HKEXAutoNews_CS20240627E00277.png
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.