According to the document disclosed by the Hong Kong Stock Exchange on July 30, South Korea's Long increased its shareholding on July 26 at an average price of HKD 0.994 per share.$CITYCHAMP (00256.HK)$He acquired 2 million ordinary shares, valued at approximately HKD 1.988 million. After this increase, the number of shares held by South Korea's Long has increased to 3.039 billion shares, with a warehouse ratio of 69.82% (up from 69.77%).
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.