Reported on October 2nd, according to the documents disclosed by the Hong Kong Stock Exchange on October 2nd, Zhang Yibin increased his shareholding off-market on September 26th at an average price of 0.433 Hong Kong dollars per share.$CHERISH SUN (01094.HK)$59.2 million ordinary shares, valued at approximately 25.6336 million Hong Kong dollars. After the increase in shareholding, Zhang Yibin's latest number of shares held is 59.2 million shares, and the holding proportion in the good warehouse increased from 0.00% to 9.99%.
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.