According to the document disclosed by Hong Kong Stock Exchange on July 9th, Wei Shicheng increased his shareholding on July 4th at an average price of HKD 0.53 per share, with a total value of approximately HKD 0.0594 million for 0.112 million ordinary shares. After the increase, Wei Shicheng's latest shareholding number is 0.644 billion shares, and the warehouse ratio has increased from 64.40% to 64.41%.$KATO (HK) HLDGS (02189.HK)$0.112 million ordinary shares were worth approximately HKD 0.0594 million after Wei Shicheng increased his shareholding at an average price of HKD 0.53 per share on July 4th. After the increase, Wei Shicheng's latest shareholding number is 0.644 billion shares, with the warehouse ratio increasing from 64.40% to 64.41%.
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.
