On September 20th, according to documents disclosed by the Hong Kong Stock Exchange, Yichuan Wang increased shareholding at an average price of 0.06 Hong Kong dollars per share on September 19th.$ELEGANCEOPTICAL (00907.HK)$0.104 billion shares of common stock, worth approximately 6.2579 million Hong Kong dollars. After the increase in shareholding, Yichuan Wang's latest number of shares held is 0.104 billion shares, and the holding ratio has increased from 0.00% to 11.95%.
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.