According to documents disclosed by the Hong Kong Stock Exchange on August 1, Zheng Jiachun increased his shareholding on July 30 at an average price of HKD 7.1506 per share.$CHOW TAI FOOK (01929.HK)$Zheng Jiachun increased his shareholding by 3.805 million shares of ordinary shares, worth about HKD 27.208 million. After the increase, Zheng Jiachun's latest number of shares held is 16.5688 million shares, and the warehouse-to-proportion ratio has increased from 0.13% to 0.17%.
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.