Reported on November 4, according to the documents disclosed by the Hong Kong Stock Exchange on November 4, Capital Wealth Global Limited increased its shareholding on October 31 at an average price of 0.244 Hong Kong dollars per share.$HUASHENG INTL (01323.HK)$4.54 million ordinary shares, worth approximately 1.1078 million Hong Kong dollars. After the shareholding, Capital Wealth Global Limited's latest number of shares held is 0.154 billion shares, and the good warehouse ratio has increased from 19.74% to 20.35%.
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.