According to documents disclosed by the Hong Kong Stock Exchange on July 9th, Cao Chunmeng increased his shareholding on July 4th with an average price of HKD 0.152 per share.$ISP GLOBAL (08487.HK)$He purchased 8,000 shares with a value of approximately HKD 1,216. After the shareholding increase, Cao Chunmeng's latest shareholding number is 0.111 billion shares, with a warehouse ratio of 10.62%.
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.