On September 19, according to the documents disclosed by the Hong Kong Stock Exchange on September 19, Tiangong Holdings Company Limited increased its shareholding by an average price of HK$1.7581 per share.$TIANGONG INT'L (00826.HK)$Tiangong Holdings Company Limited increased its shareholding by 1 million ordinary shares, with a value of approximately HK$1.7581 million. After the increase, the latest number of shares held by Tiangong Holdings Company Limited is 0.784 billion shares, and the shareholding ratio has increased from 28.72% to 28.76%.
This trade involves other affiliated parties: Zhu Xiaokun and Yu Yumei.
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.