Reported on August 29, according to the documents disclosed by the Hong Kong Stock Exchange on August 29, Xiao Sheng International Limited increased its shareholding on August 28 at an average price of HK$4.0139 per share.$CHINA LILANG (01234.HK)$2.248 million shares of common stock, with a value of approximately HK$9.0232 million. After the increase in shareholding, Xiao Sheng International Limited's latest shareholding is 0.695 billion shares, and the holding ratio has increased from 57.82% to 58.00%.
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.