Reported on October 31st, according to the documents disclosed by the Hong Kong Stock Exchange on October 31st, Kunlun Group Limited increased its shareholding on October 29th at an average price of 1.021 Hong Kong dollars per share.$INKEVERSE (03700.HK)$2.509 million shares of common stock were valued at approximately 2.5617 million Hong Kong dollars. After the shareholding, Kunlun Group Limited's latest number of shares held is 0.194 billion shares, with a stake ratio increasing from 9.89% to 10.02%.
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.