According to the documents disclosed by the Hong Kong Stock Exchange on September 13, Huang Danghui increased his shareholding on September 12 at an average price of 10.24 Hong Kong dollars per share.$C&D PROPERTY (02156.HK)$Huang Danghui added approximately 1 million ordinary shares of FTL Construction International Investment Group Limited at an average price of 10.24 million Hong Kong dollars. After the increase, Huang Danghui's latest shareholding in the aforementioned trust is 0.376 million shares, with a holding ratio of 0.02%.
Supplementary information: On September 12, 2024, The ZHH Trust purchased 1,000,000 shares of FTL International; Mr. Huang Danghui is deemed to have an interest in 376,028 shares of FTL International through the methods described in columns 33 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.