Reported on November 7th, according to the documents disclosed by the Hong Kong Stock Exchange on November 7th, Tiger Charles Chen increased his off-exchange shareholding on October 15th at an average price of 0.6 Hong Kong dollars per share.$IDT INT'L (00167.HK)$0.312 billion ordinary shares, valued at approximately 0.187 billion Hong Kong dollars. After the shareholding, Tiger Charles Chen's latest number of shares held is 0.312 billion shares, and the holding ratio has increased from 0.00% to 72.10%.
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.