On July 9th, according to the documents disclosed by the Hong Kong Stock Exchange on July 9th, Wei Shicheng increased his shareholding on July 8th at an average price of HKD 0.53 per share, purchasing 0.18 million ordinary shares worth approximately HKD 0.0954 million. After the increase, Wei Shicheng's latest shareholding increased to 0.644 billion shares, and the warehouse-to-cargo ratio increased from 64.41% to 64.42%.$KATO (HK) HLDGS (02189.HK)$Wei Shicheng increased his shareholding on July 8th at an average price of HKD 0.53 per share, purchasing 0.18 million ordinary shares worth approximately HKD 0.0954 million. After the increase, Wei Shicheng's latest shareholding increased to 0.644 billion shares, and the warehouse-to-cargo ratio increased from 64.41% to 64.42%.
This transaction involves other related parties: Wei Xiaoling.
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.
