On July 30th, according to the documents disclosed by the Hong Kong Stock Exchange, Liu Chunfa increased his shareholding in the off-market by an average of HKD 0.058 per share on July 24th.$V.S. INT'L (01002.HK)$He purchased 1.55 billion shares of common stock with a value of approximately HKD 89.764 million. After the shareholdings were increased, Liu Chunfa's latest shareholding count is 1.84 billion shares, and the percentage of shares held increased from 1.18% to 7.34%.
The transaction involves other related parties: Wan Baoping.
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.