According to the documents disclosed by Hong Kong Stock Exchange on July 9th, Wu Hongjin increased his shareholding by HK$0.3 per share on July 4, 2014.$EMINENCE ENT (00616.HK)$He increased his shareholding by 2.13 million ordinary shares worth about HK$0.639 million. After the increase, Wu Hongjin's latest holding was 31.555 million shares, and the H-share ratio increased from 8.70% to 9.33%.
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.