According to the documents disclosed by the Hong Kong Stock Exchange on June 28, Qiu Yingming increased his shareholding on June 27 at an average price of HKD 0.1504 per share, with a total value of approximately HKD 19,300 for 128,000 ordinary shares. After the increase, Qiu Yingming's latest shareholding increased to 41.216 million shares, and the warehouse-to-house ratio increased from 3.93% to 3.94%.$ISP GLOBAL (08487.HK)$HKEXAutoNews_DA20240628E00368.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.