According to documents disclosed by the Hong Kong Stock Exchange on July 5, Prime Surplus Limited increased its shareholding on July 2 at an average price of HKD 0.29 per share.$CNT GROUP (00701.HK)$It increased its shareholding by 0.034 million ordinary shares, worth about HKD 9,860. After the shareholding increase, Prime Surplus Limited's latest holding amount is 0.556 billion shares, with a warehouse position ratio of 29.22%.
Other related parties involved in this transaction are Xu Haoquan and He Meibao.
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.