Reported on November 5th, according to the documents disclosed by the Hong Kong Stock Exchange on November 5th, Zhou Bo increased his shareholding off-exchange on November 1st at an average price of 0.315 Hong Kong dollars per share.$E-STATION GTECH (08475.HK)$9.0476 million ordinary shares, valued at approximately 2.85 million Hong Kong dollars. After the increase, Zhou Bo's latest shareholding amount is 9.0476 million shares, and the shareholding ratio has increased from 0.00% to 13.27%.
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.