Reported on October 18, according to the documents disclosed by the Hong Kong Stock Exchange on October 18, Li Ka-shing sold an average of 4.6711 Hong Kong dollars per share on October 14.$PSBC (01658.HK)$78.517 million H shares were sold, with a value of approximately 0.367 billion Hong Kong dollars. After the sale, Li Ka-shing's latest shareholding number is 1.715 billion shares, and the shareholding ratio has decreased from 9.03% to 8.63%.
This transaction involves other related parties: Li Tzar Kuoi.
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.
