Reported on October 2nd, according to the documents disclosed by the Hong Kong Stock Exchange on October 2nd, Qiu Dachang increased his shareholding on September 26th at an average price of 1.1214 Hong Kong dollars per share.$PALASINO (02536.HK)$1.4 million shares of common stock held by Qiu Dachang were worth approximately 1.57 million Hong Kong dollars. After the increase, Qiu Dachang's latest shareholding in the entity was 1.539 billion shares, and the stake in the good warehouse ratio increased from 54.57% to 54.62%.
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.