According to the documents disclosed by the Hong Kong Stock Exchange on September 13, Lin Weiguo increased his shareholding at an average price of HK$10.24 per share on September 12.$C&D PROPERTY (02156.HK)$Lin Weiguo increased his shareholding in the affiliated group Jianfa International Investment Group Limited by 1 million common shares, with a value of approximately HK$10.24 million. After the increase, Lin Weiguo's latest shareholding in the affiliated group is 37.4263 million shares, and his holding ratio has increased from 1.81% to 1.86%.
Additional information: On September 12, 2024, Diamond Firetail Limited bought 1,000,000 shares of Jianfa International. Mr. Lin Weiguo is considered to have an interest in 37,426,257 shares of Jianfa International through the methods described in columns 33, 36, and 38.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.