On July 12th, according to the documents disclosed by the Hong Kong Stock Exchange on July 12th, Zhang Hongliang increased his shareholding in the off-market at an average price of HKD 0.26 per share on July 10th.$LINEKONG (08267.HK)$Zhang Hongliang increased his shareholding by 24.1893 million ordinary shares, worth approximately HKD 6.2892 million. After the increase, Zhang Hongliang's latest shareholding is 24.4493 million shares, and his holding ratio has increased from 0.07% to 6.64%.
Supplementary information: Please refer to No. 17 for the identity of the shareholder.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.