According to documents released by the Hong Kong Stock Exchange on July 5, Liu Dong increased his shareholding on July 4 at an average price of HKD1.71 per share, purchasing 0.048 million ordinary shares worth approximately HKD 0.0821 million. After the increase, Liu Dong's latest shareholding increased to 1.068 million shares, and the good warehouse ratio increased from 0.18% to 0.19%.$DONGWU CEMENT (00695.HK)$After purchasing 0.048 million ordinary shares worth around HKD 0.0821 million, Liu Dong's latest shareholding is 1.068 million shares, which increases the good warehouse ratio from 0.18% to 0.19%.
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.