According to documents disclosed by the Hong Kong Stock Exchange on September 20, Lin Weiguo increased his shareholding on September 17 at an average price of HK$10.24 per share.$C&D INTL GROUP (01908.HK)$1 million ordinary shares with a value of approximately HKD 10.24 million. After the increase, Lin Weiguo's latest shareholding is 38.4263 million shares, and the percentage of the stake has increased from 1.86% to 1.90%.
This transaction involves other related parties: Tian Meitan, Xu Yixuan, and Zhao Chengmin.
Supplemental information: On September 17, 2024, Diamond Firetail Limited purchased 1,000,000 shares of C&D International Group. Mr. Lin Weiguo is considered to have an interest in 38,426,257 shares of C&D International Group as described in Columns 27 and 32.
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.