On July 23, according to documents disclosed by the Hong Kong Stock Exchange, HSSC Inc. increased its shareholding off-market on July 19 at an average price of HKD 0.21 per share. $DIGITAL DOMAIN (00547.HK)$1.06 billion ordinary shares, worth about HKD 0.223 billion, were held by HSSC Inc. after the shareholding increase, and its warehouse proportion rose from 0.00% to 13.28%.
Other related parties involved in this trade: Cai Zhaohui.
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.