Reported on October 28th, according to the documents disclosed by the Hong Kong Stock Exchange on October 28th, J&A Investment Limited increased its shareholding by an average on-market price of 0.94 Hong Kong dollars per share on October 25th.$ASIA TELE-NET (00679.HK)$2.95 million shares of common stock were valued at approximately 2.773 million Hong Kong dollars. After the shareholding, J&A Investment Limited's latest holding is 0.227 billion shares, and the stake ratio increased from 58.47% to 59.24%.
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.