Reported on October 14th, according to the documents disclosed by the Hong Kong Stock Exchange on October 14th, Jian Zhijian increased his shareholding on October 10th at an average price of 0.3976 Hong Kong dollars per share.$CHINA HK POWER (00931.HK)$4 million shares of common stock, worth approximately 1.5904 million Hong Kong dollars. After the increase, Jian Zhijian's latest shareholding number is 4.029 billion shares, and the concentration ratio has increased from 60.32% to 60.38%.
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.