According to the documents disclosed by the Hong Kong Stock Exchange on August 23, Jian Zhijian increased his shareholding on August 22 at an average price of HKD 0.415 per share.$CHINA HK POWER (00931.HK)$Jian Zhijian increased his shareholding by approximately 16.126 million ordinary shares, with a value of approximately HKD 6.6923 million. After the shareholding increase, Jian Zhijian's latest shareholding is 4.025 billion shares, and the percentage of outstanding shareholding has increased from 60.07% to 60.32%.
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.