Reported on November 1st, according to the documents disclosed by the Hong Kong Stock Exchange on November 1st, Zhongchuang Boli (Hong Kong) Co., Ltd. increased its off-exchange shareholding on October 29th with an average price of 0.67 Hong Kong dollars per share.$CHI KAN HLDGS (09913.HK)$70 million ordinary shares, worth approximately 46.9 million Hong Kong dollars. After the shareholding increase, Zhongchuang Boli (Hong Kong) Co., Ltd. now holds a total of 0.17 billion shares, and the ownership ratio has increased from 10.00% to 17.00%.
Additional information: Zhongchuang Boli (Hong Kong) Co., Ltd. signed a sale and purchase agreement on October 29, 2024, to acquire 70,000,000 shares in Chi Kan Holdings Limited. The completion of the transaction has not yet occurred.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.