According to the documents disclosed by the Hong Kong Stock Exchange on September 3, Cai Naiduan increased his shareholdings on September 3 at an average price of HKD 1.45 per share in the stock market and HKD 1.45 per share outside the market.$SE ASIA PPT (00252.HK)$He increased his shareholdings by 3.6174 million ordinary shares, worth about HKD 5.2452 million. After the increase, Cai Naiduan's latest shareholding amounts to 0.106 billion shares, and the warehouse ratio has increased from 45.34% to 46.95%.
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.