According to the documents disclosed by the Hong Kong Stock Exchange on September 19, Zhang Guohua increased his shareholding in Kingboard Holdings Limited by purchasing 0.1 million shares of ordinary shares at an average price of HKD 15.58 per share, with a value of about HKD 1.558 million. After the increase, Zhang Guohua's latest shareholding in the company is 18.7248 million shares, with a warehouse-to-house ratio of 1.68%.$KB LAMINATES (01888.HK)$According to the documents disclosed by the Hong Kong Stock Exchange on September 19, Zhang Guohua increased his shareholding in Kingboard Holdings Limited by purchasing 0.1 million shares of ordinary shares at an average price of HKD 15.58 per share, with a value of about HKD 1.558 million. After the increase, Zhang Guohua's latest shareholding in the company is 18.7248 million shares, with a warehouse-to-house ratio of 1.68%.
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.