According to the documents disclosed by the Hong Kong Stock Exchange on September 19th, Zhang Kun increased his shareholding off-market on September 11th at an average price of HKD 9.9 per share.$SYNTRUST GK (08629.HK)$He purchased 0.53 million ordinary shares, with a value of approximately HKD 5.247 million. After the increase, Zhang Kun's latest shareholding number is 0.53 million shares, and his shareholding proportion has increased from 0.00% to 5.21%.
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.