Reported on August 30th, according to the documents disclosed by the Hong Kong Stock Exchange on August 30th, Wi increased its shareholding on August 29th at an average price of 5.7127 Hong Kong dollars per share.$WASION HOLDINGS (03393.HK)$0.2 million shares of common stock, worth approximately 1.1425 million Hong Kong dollars. After the shareholding, Wi's latest number of shares held is 0.535 billion shares, and the holding ratio has increased from 53.69% to 53.71%.
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.