On July 9th, according to documents disclosed by the Hong Kong Stock Exchange, Cao Chunmeng increased his shareholding on July 3rd at an average price of HKD 0.1577 per share, purchasing a total of 720,000 ordinary shares worth approximately HKD 0.0114 million. After the increase, Cao Chunmeng's latest shareholding is 11.1 billion shares, and the percentage of good warehouse ratio has risen from 10.61% to 10.62%.$ISP GLOBAL (08487.HK)$After purchasing 720,000 ordinary shares worth approximately HKD 0.0114 million, Cao Chunmeng's latest shareholding has risen from 10.61% to 10.62% and currently holds 111 million shares.
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.