According to documents disclosed by Hong Kong Exchanges and Clearing Limited on July 2nd, LEON CORNERSTONE INVESTMENT HOLDING LIMITED increased its shareholding on June 27th at an average price of HKD 1.39 per share.$LEON INSPECTION (01586.HK)$LEON CORNERSTONE INVESTMENT HOLDING LIMITED increased its shareholding by 44,000 ordinary shares worth approximately HKD 61,200. After the increase, the latest number of shares held by LEON CORNERSTONE INVESTMENT HOLDING LIMITED is 198 million shares, and the percentage of the good warehouse has increased from 36.52% to 36.53%.
This transaction involves other related parties: Li Xiangli.
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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.