Reported on October 17, according to the document disclosed by the Hong Kong Stock Exchange on October 17, CTI Capital Management Limited increased their shareholding on October 14 at an average price of 4.7971 Hong Kong dollars per share.$SINOPEC KANTONS (00934.HK)$They acquired 2.238 million shares of common stock, with a total value of approximately 10.7359 million Hong Kong dollars. After the shareholding transaction, CTI Capital Management Limited's latest number of shares held is 0.15 billion shares, increasing the portfolio ratio from 5.93% to 6.02%.
This trade involves other related parties: CITIC Limited and CITIC Group Corporation.
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.
