Reported on November 1st, according to the documents disclosed by the Hong Kong Stock Exchange on November 1st, Wong Loh Ying increased their off-market shareholding on October 22 at an average price of 0.01 Hong Kong dollars per share.$KAFELAKU COFFEE (01869.HK)$0.111 billion ordinary shares, valued at approximately 1.105 million Hong Kong dollars. After the shareholding increase, Wong Loh Ying's latest number of shares held is 0.111 billion shares, and the beneficial ownership ratio increased from 0.00% to 8.50%.
This trade involves another related party: Wonder Peak Holding Limited.
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.
