According to documents disclosed by the Hong Kong Stock Exchange on July 31, Li Chengquan increased his shareholding off-market on July 25 at an average price of HKD 0.159 per share. $ROYAL CEN RES (08125.HK)$He increased his shareholding by 44.672 million H shares, valued at approximately HKD 7.1028 million. After the increase, Li Chengquan's latest shareholding increased to 19.79% from 0.00%.
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.