On September 16th, according to the documents disclosed by the Hong Kong Stock Exchange on September 16th, Herofield Limited increased its shareholding off-exchange on September 9th at an average price of HKD 0.126 per share.$PROSPER CONS (06816.HK)$Herofield Limited acquired a total of 61.2 million ordinary shares, with a value of approximately HKD 7.7112 million. After the shareholding increase, Herofield Limited's latest shareholding amount is 61.2 million shares, and the warehouse ratio has increased from 0.00% to 7.65%.
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.