According to the documents disclosed by the Hong Kong Stock Exchange on September 20, Guangzhou Yue Xiu Holdings Limited increased its shareholding on September 13 at an average price of HKD 4.1772 per share.$YUEXIU PROPERTY (00123.HK)$Guangzhou Yue Xiu Holdings Limited increased its shareholding by 4.71 million ordinary shares, with a value of approximately HKD 19.6746 million. After the increase, the latest number of shares held by Guangzhou Yue Xiu Holdings Limited is 1.814 billion shares, and the holding percentage has increased from 44.95% to 45.07%.
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.