On October 17, according to the documents disclosed by the Hong Kong Stock Exchange on October 17, Gao Junxi increased his shareholding on October 16 at an average price of HK$0.248 per share.$GOLDEN FAITH GP (02863.HK)$4.08 million ordinary shares, valued at approximately HK$1.0118 million. After the shareholding, Gao Junxi's latest shareholding is 0.473 billion shares, and the holding ratio has increased from 70.35% to 70.96%.
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.