Reported on October 10th, according to the documents disclosed by the Hong Kong Stock Exchange on October 10th, Ng Wai increased their shareholding off the market on October 8th with an average price per share of 0.8 Hong Kong dollars.$COOL LINK (08491.HK)$26.865 million ordinary shares, worth approximately 21.492 million Hong Kong dollars. After the shareholding increase, Ng Wai's latest number of shares held is 26.865 million shares, with a holding proportion increasing from 0.00% to 6.74%.
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.