Reported on October 14th, according to documents disclosed by the Hong Kong Stock Exchange on October 14th, J&A Investment Limited increased their shareholding on October 10th with an average on-exchange price of 0.94 Hong Kong dollars per share and an average off-exchange price of 0.94 Hong Kong dollars per share in total.$ASIA TELE-NET (00679.HK)$1.9 million shares of common stock, valued at approximately 1.786 million Hong Kong dollars. After the shareholding increase, J&A Investment Limited's latest number of shares held is 0.223 billion shares, and the good warehouse ratio has increased from 57.86% to 58.36%.
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.