Reported on October 10th, according to the documents disclosed by the Hong Kong Stock Exchange on October 10th, Kunlun Group Limited increased its shareholding on October 9th with an average price per share of 0.9997 Hong Kong dollars.$INKEVERSE (03700.HK)$The company increased its holding of 24.094 million shares of common stock, worth approximately 24.0868 million Hong Kong dollars. After the shareholding increase, Kunlun Group Limited's latest number of shares held is 0.168 billion shares, and the holding ratio has increased from 7.44% to 8.69%.
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.