Reported on July 4th, according to documents disclosed by the Hong Kong Stock Exchange on July 4th, Republic Protocol increased its shareholding in the aftermarket on June 26th at an average price of HKD 1.01 per share. $USPACE TECH (01725.HK)$Republic Protocol purchased 31.8 million ordinary shares for a value of approximately HKD 32.118 million. After the increase in shareholding, Republic Protocol's latest shareholding reached 31.8 million shares and the outstanding share ratio increased from 0.00% to 8.17%.
Additional Information: Mr. Ren Ran subscribed to 31,800,000 new shares of USPACE Technology Group Limited at a total subscription price of HKD 32,118,000.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.