According to the documents disclosed by the Hong Kong Stock Exchange on September 17, Lu Sili increased her shareholding off-market on September 6 at an average price of 9.9 Hong Kong dollars per share.$SYNTRUST GK (08629.HK)$Lu Sili increased her shareholding by 1.0385 million H shares with a value of approximately 10.2812 million Hong Kong dollars. After the increase, Lu Sili's latest shareholding is 1.0385 million shares, and the proportion of her holdings has increased from 0.00% to 10.20%.
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.