According to the documents disclosed by the Hong Kong Stock Exchange on August 5th, He Jianhua increased his shareholding off-market at an average price of HKD 0.052 per share on August 1st.$WINNING TOWER (08362.HK)$He Jianhua increased his shareholding by 28 million ordinary shares, worth approximately HKD 1.456 million. After the increase, He Jianhua's latest shareholding was 28 million shares, and the percentage of outstanding shares increased from 0.00% to 2.00%.
Other related parties involved in the trade: Yu Tingxi.
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.
