Reported on October 31st, according to the documents disclosed by the Hong Kong Stock Exchange on October 31st, Chen Hongkai increased his shareholding on October 30th at an average price of 0.27 Hong Kong dollars per share.$HK ASIA HLDGS (01723.HK)$20.014 million shares of common stock, worth approximately 5.4038 million Hong Kong dollars. After the increase, Chen Hongkai's latest number of shares held is 20.014 million shares, and the proportion of the good warehouse has increased from 0.00% to 5.00%.
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.