Reported on September 27th, according to the documents disclosed by the Hong Kong Stock Exchange on September 27th, Yin Di increased his off-exchange shareholding at an average price of 1.04 Hong Kong dollars per share on September 23rd.$GUOEN HOLDINGS (08121.HK)$4.868 million ordinary shares, worth approximately 5.0627 million Hong Kong dollars. After the increase, Yin Di's latest shareholding is 7.2865 million shares, and his holding ratio has increased from 29.01% to 29.14%.
Supplementary information: On September 23, 2024, the company completed a rights issue with which Mr. Yin Di subscribed for a total of 4,868,000 Rights Shares.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.