According to the information disclosed by the Hong Kong Stock Exchange on July 9th, Zhang Songqiao increased his shareholding on July 4th at an average price of HK$7.2 per share, purchasing 0.016 million ordinary shares with a value of approximately HK$0.1152 million. After the increase, Zhang Songqiao's latest shareholding is 0.273 billion shares, with a holding ratio of 73.22%.$CROSS-HAR(HOLD) (00032.HK)$After the shareholding increase, Zhang Songqiao now holds 0.273 billion shares, with a holding 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.