Reported on September 27th, according to the documents disclosed by the Hong Kong Stock Exchange on September 27th, Wang Zhiyang increased his shareholding off the exchange on September 26th at an average price of HK$2.45 per share.$KANGHUA HEALTH (03689.HK)$Wang Zhiyang increased his shareholding after, acquiring approximately 4.1061 million H shares with a value of around HK$10.0599 million. Following the shareholding increase, Wang Zhiyang's latest share count is 10.4281 million shares, and his stake has risen from 7.49% to 12.36%.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.