According to documents disclosed by the Hong Kong Stock Exchange on July 24th, Ma Jinlong increased his shareholding on July 22nd at an average price of HKD 0.056 per share.$V.S. INT'L (01002.HK)$He increased his shareholding to 27 million ordinary shares, worth about HKD 1.512 million. After the increase, Ma Jinlong's latest shareholding increased from 0.203 billion shares to 8.10%, up from 7.03%.
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.