Reported on September 26, according to the documents disclosed by the Hong Kong Stock Exchange on September 26, Wang Qi increased his shareholding on September 23 at an average price of 1.96 Hong Kong dollars per share.$CN ENGY STORAGE (01143.HK)$1,532,000 H shares, worth approximately 3,002,700 Hong Kong dollars. After the increase in shareholding, Wang Qi's latest number of shares held is 11.332 million shares, with a better warehouse ratio increasing from 4.73% to 5.47%.
This trade involves other related parties: Sun Lingling, China Southern International Holdings Limited, Wang Qi, and Zhang Zhikui.
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.
