According to the documents disclosed by the Hong Kong Stock Exchange on July 31st, Qiu Dawei increased his shareholding outside the market on July 29th at an average price of HKD 0.53 per share, with a total of 12.0305 million ordinary shares, worth approximately HKD 6.3761 million. After the increase, Qiu Dawei's latest shareholding has reached 2.04 billion shares, and his holding percentage has increased from 25.57% to 27.17%.$FE HOTELS (00037.HK)$
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.