Reported on October 16th, according to documents disclosed by the Hong Kong Stock Exchange on October 16th, Chen Jianxin increased his shareholding on October 15th at an average price of 3.4762 Hong Kong dollars per share.$NAGACORP (03918.HK)$1.858 million ordinary shares, valued at approximately 6.4588 million Hong Kong dollars. After the increase, Chen Jianxin's latest shareholding is 0.266 billion shares, and the share of the good warehouse has increased from 5.97% to 6.01%.
This trade involves other related parties: Zheng Qunying.
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.
