On August 23, according to the documents disclosed by the Hong Kong Stock Exchange on August 23, Graymind Investments Limited increased its shareholding on August 21 at an average price of HK$0.171 per share.$BOJUN EDU (01758.HK)$Graymind Investments Limited increased its shareholding by 10 million ordinary shares, with a value of approximately HK$1.71 million. After the share acquisition, the latest shareholding of Graymind Investments Limited is 92.136 million shares, and the stake percentage has increased from 9.09% to 10.20%.
This transaction involves other related parties: Tang Hui.
Why 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.