Reported on October 29th, according to the documents disclosed by the Hong Kong Stock Exchange on October 29th, Kim Choo Tan increased their shareholding on October 24th at an average price of 7.0207 Hong Kong dollars per share.$VITASOY INT'L (00345.HK)$Acquiring a total of 5.704 million ordinary shares, valued at approximately 40.0461 million Hong Kong dollars. Following the shareholding increase, Kim Choo Tan's latest shareholding count is 0.108 billion shares, with a ownership ratio rising from 9.52% to 10.06%.
This trade involves other related parties: Chee Tat Philip Ng.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.
