According to the documents disclosed by the Hong Kong Stock Exchange on July 9, Zhang Songqiao increased their shareholding on July 8 at an average price of HKD 7.2 per share for a total of 1,000 ordinary shares, worth approximately HKD 7,200. After the increase, Zhang Songqiao's latest shareholding number is 0.273 billion shares, with a good warehouse ratio of 73.22%.$CROSS-HAR(HOLD) (00032.HK)$After purchasing 1,000 shares worth approximately HKD 7,200, Zhang Songqiao now holds 0.273 billion shares, with a dominant ratio of 73.22%.
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.