Reported on October 18th, according to the documents disclosed by the Hong Kong Stock Exchange on October 18th, Sun Lianqing increased his shareholding on October 17th to an average price of 7.53 Hong Kong dollars per share.$JIAXING GAS (09908.HK)$0.4305 million H shares, worth approximately 3.2417 million Hong Kong dollars. After the increase, Sun Lianqing's latest number of shares held is 1.7505 million shares, with a stake ratio rising from 3.49% to 4.63%.
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.