On September 23, according to the documents disclosed by the Hong Kong Stock Exchange, Ni Zhaoxiang increased his off-exchange shareholding on September 17 at an average price of 0.3 Hong Kong dollars per share.$COOL LINK (08491.HK)$8.255 million shares of common stock, worth approximately 2.4765 million Hong Kong dollars. After the shareholding, Ni Zhaoxiang's latest number of shares held is 21.362 million shares, and the good warehouse ratio increased from 3.29% to 5.36%.
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.