Reported on October 30th, according to the documents disclosed by the Hong Kong Stock Exchange on October 30th, Wu Baihong increased his shareholding on October 24th at an average price of HK$0.28 per share.$BOLTEK (08601.HK)$8.49 million shares of common stock, valued at approximately HK$2.3772 million. After the shareholding increase, Wu Baihong's latest shareholding number is 17.45 million shares, and the ownership ratio has increased from 1.12% to 2.18%.
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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.