According to the disclosure from Hong Kong Exchanges and Clearing Limited on July 30th, Li Junjian increased his shareholding in the off-market at an average price of HKD 0.76 per share on July 29th.$E-STATION GTECH (08475.HK)$He purchased 1.888 million common shares with a total value of approximately HKD 1.4349 million. After the increase, Li Junjian's latest shareholding amounted to 6.288 million shares, and his stake increased from 7.75% to 10.77%.
Supplementary Information: Correction of shareholdingWhy did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.