According to the documents disclosed by the Hong Kong Stock Exchange on June 27, Huang Jianye increased shareholding on June 21 at an average price of HKD 0.103 per share, with a total value of approximately HKD 100,900, for a total of 980,000 ordinary shares. After the increase, Huang Jianye's latest shareholding has reached 1.123 billion shares, and the Hoshino ratio has increased from 62.16% to 62.21%.$LEGEND UPSTAR (00459.HK)$HKEXAutoNews_DA20240626E00350.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.