On November 13, according to documents disclosed by the Hong Kong Stock Exchange, Alpine Sky Limited increased its shareholding on November 8 at an average price of 6.5126 Hong Kong dollars per share.$READBOY (02385.HK)$Acquiring approximately 1.4368 million ordinary shares, valued at around 9.3573 million Hong Kong dollars. After the shareholding, Alpine Sky Limited's latest number of shares held is 21.5844 million shares, and the good warehouse ratio has increased from 5.72% to 6.13%.
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.