Reported on September 26, according to the documents disclosed by the Hong Kong Stock Exchange on September 26, He Huangmeide increased his shareholding off-market on September 23 at an average price of 3.84 Hong Kong dollars per share.$PC PARTNER (01263.HK)$54.85 million ordinary shares, worth approximately 0.211 billion Hong Kong dollars. After the shareholding, He Huangmeide's latest number of shares held is 55.05 million shares, with a stake increasing from 0.05% to 14.19%.
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.