According to the documents disclosed by the Hong Kong Stock Exchange on October 4, Qiu Dachang increased his shareholding on October 2 at an average price of HK$1.2315 per share.$PALASINO (02536.HK)$Far East Consortium International Limited, Qiu Dachang increased his shareholding by 1.721 million ordinary shares, valued at approximately HK$2.1194 million. After the increase, Qiu Dachang's latest shareholding in the consortium is 1.542 billion shares, with a warehouse ratio rising from 54.68% to 54.74%.
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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.