On July 4th, according to the document disclosed by Hong Kong Stock Exchange on July 4th, Zhang Songqiao increased his shareholding at an average price of HKD 7.2 per share on July 2nd.$CROSS-HAR(HOLD) (00032.HK)$He purchased 39,000 ordinary shares, with a total value of approximately HKD 280,800. After the increase, Zhang Songqiao's latest total shareholding reached 273 million shares, and his warehouse ratio increased from 73.21% to 73.22%.
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.