Reported on October 4th, according to the documents disclosed by the Hong Kong Stock Exchange on October 4th, Wang Xuebo increased the shareholding to an average price of 0.172 Hong Kong dollars per share on September 30th.$CN SCI-TECH IND (00339.HK)$17.4 million shares of common stock, with a total value of approximately 2.9928 million Hong Kong dollars. After the shareholding, Wang Xuebo's latest number of shares held is 17.4 million shares, and the ownership ratio has increased from 0.00% to 6.04%.
This trade involves other related parties: China Hi-Tech Electronic Technology Co., Ltd.
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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.