According to the documents disclosed by the Hong Kong Stock Exchange on June 28th, Liu Dong increased his shareholding on June 27th at an average price of HKD 1.5 per share.$DONGWU CEMENT (00695.HK)$He acquired 234,000 ordinary shares worth approximately HKD 351,000. After the shareholding, Liu Dong's latest shareholding number is 894,000 shares, and the warehouse ratio has increased from 0.12% to 0.16%.
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.