As of October 15th, according to the documents disclosed by the Hong Kong Stock Exchange, Kim Choo Tan increased shareholding on October 9th at an average price of HK$6.0945 per share.$VITASOY INT'L (00345.HK)$Acquiring a total of 6.234 million ordinary shares, with a total value of approximately HK$37.9931 million. Following the shareholding increase, Kim Choo Tan's latest shareholding amount is 68.986 million shares, raising the ownership stake from 5.85% to 6.43%.
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.