According to documents disclosed by the Hong Kong Stock Exchange on June 27th, Wu Hongjin increased his shareholding by buying 5 million ordinary shares at an average price of HKD 0.41 per share on June 24th, with a value of approximately HKD 2.05 million. After the increase, Wu Hongjin's latest shareholding number is 25,735,000 shares, and his shareholding ratio has increased from 6.13% to 7.61%.$EMINENCE ENT (00616.HK)$He bought 5 million shares of common stock at an average price of HKD 0.41 per share on June 24th, worth approximately HKD 2.05 million. After the increase, Wu Hongjin's latest shareholding is 25,735,000 shares, and his holding ratio has increased from 6.13% to 7.61%.
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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.