According to the documents disclosed by the Hong Kong Stock Exchange on September 19, Chen Menghua increased his shareholding in the off-exchange market on September 9 at an average price of HKD 9.9 per share.$SYNTRUST GK (08629.HK)$Chen Menghua acquired 1.0495 million shares of H shares, valued at approximately HKD 10.3901 million. After the increase, Chen Menghua's latest shareholding amount is 1.0495 million shares, and the shareholding ratio increased from 0.00% to 10.31%.
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.