On October 4th, according to documents disclosed by the Hong Kong Stock Exchange on October 4th, China Hi-Tech Electronics Technology Co., Ltd. increased their shareholding to an average price of HKD 0.172 per share on September 30th.$CN SCI-TECH IND (00339.HK)$17.4 million ordinary shares, valued at approximately 2.9928 million Hong Kong dollars. After the shareholding, China Hi-Tech Electronics Technology Co., Ltd. holds a total of 17.4 million shares, with a stake rising from 0.00% to 6.04%.
This transaction involves other related parties: Wang Xuebo.
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.
