Reported on October 23rd, according to the documents disclosed by the Hong Kong Stock Exchange on October 23rd, Wealthy View Investment Holdings Limited increased its shareholding on September 20th at an average price of 0.34 Hong Kong dollars per share.$GOLDWAY EDU (08160.HK)$30.72 million shares of ordinary shares, valued at approximately 10.4448 million Hong Kong dollars. After the increase, Wealthy View Investment Holdings Limited's latest number of shares held is 30.72 million shares, with a warehouse ratio increasing from 0.00% to 21.15%.
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.