Reported on November 1st, according to the documents disclosed by the Hong Kong Stock Exchange on November 1st, Hallgain Management Limited increased its shareholding on October 31st at an average price of 18.9815 Hong Kong dollars per share.$KINGBOARD HLDG (00148.HK)$0.2 million shares of common stock, valued at approximately 3.7963 million Hong Kong dollars. After the shareholding increase, Hallgain Management Limited's latest shareholding amount is 0.485 billion shares, and the holding ratio has increased from 43.76% to 43.78%.
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.