According to the disclosure document by Hong Kong Stock Exchange on September 17, Zhang Yunling increased his shareholding off-exchange on September 10 at an average price of HKD 9.9 per share.$SYNTRUST GK (08629.HK)$He acquired 0.5275 million H-shares, worth approximately HKD 5.2223 million. After the shareholding increase, Zhang Yunling's latest shareholding amount is 0.5275 million shares, and his holding percentage in Hao Cang increased from 0.00% to 5.18%.
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.