On October 7th, according to the documents disclosed by the Hong Kong Stock Exchange on October 7th, Qiu Dachang increased his shareholding on September 30th at an average price of 1.1788 Hong Kong dollars per share.$PALASINO (02536.HK)$Ah Dachang Qiu acquired approximately 1.586 million ordinary shares of Far East Consortium International Limited, worth about 1.8696 million Hong Kong dollars. Following the shareholding, the latest number of shares held by Dachang Qiu in the consortium increased to 1.541 billion shares, raising his holding proportion from 54.62% to 54.68%.
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.