On July 8th, according to documents disclosed by the Hong Kong Stock Exchange, Qiu Yingming increased the shareholding at an average price of HKD 0.1458 per share on July 5th. He acquired a total of 1.52 million ordinary shares, worth approximately HKD 0.0222 million. After the increase, Qiu Yingming's latest shareholding amount was 41.39 million shares, with a warehouse-to-inventory ratio increasing from 3.94% to 3.95%.$ISP GLOBAL (08487.HK)$He acquired 1.52 million ordinary shares, worth approximately HKD 0.0222 million, and increased his shareholding from 3.94% to 3.95%.
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.