Reported on November 7th, according to the documents disclosed by the Hong Kong Stock Exchange on November 7th, Xie Wen increased his shareholding on October 31st at an average price of 0.243 Hong Kong dollars per share.$CHAMPION TECH (00092.HK)$12.996 million ordinary shares, worth approximately 3.158 million Hong Kong dollars. After the shareholding, Xie Wen's latest number of shares held is 42.15 million shares, and the shareholding ratio has increased from 3.55% to 5.14%.
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.