According to the documents disclosed by the Hong Kong Stock Exchange on September 19, Lin Shengyou increased his shareholding off-exchange on September 9 at an average price of HKD 9.9 per share.$SYNTRUST GK (08629.HK)$He increased his shareholding of 1.109 million H-shares, with a value of approximately HKD 10.9791 million. After the increase, Lin Shengyou's latest shareholding is 1.109 million shares, and his shareholding ratio has increased from 0.00% to 10.89%.
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.