Reported on October 9th, according to the documents disclosed by the Hong Kong Stock Exchange on October 9th, Suotian increased its shareholding on October 8th at an average price of 3.9556 Hong Kong dollars per share.$GLOBAL NEW MAT (06616.HK)$0.371 million shares of common stock were purchased, valued at approximately 1.4675 million Hong Kong dollars. After the shareholding, Suotian's latest number of shares held is 0.426 billion shares, and the holding ratio has increased from 34.34% to 34.37%.
This transaction involves other related parties: Wang Huan.
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.
