According to the document disclosed by the Hong Kong Stock Exchange on September 17, Zhang Dongjin increased his shareholding on September 12 at an average price of HKD 0.12 per share.$KWONG LUEN ENG (01413.HK)$He increased his shareholding by 74.425 million ordinary shares, with a value of approximately HKD 8.931 million. After the increase, Zhang Dongjin's latest shareholding has reached 0.1 billion shares, and his warehouse ratio has increased from 2.14% to 8.34%.
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.