Reported on November 13th, according to the documents disclosed by the Hong Kong Stock Exchange on November 13th, Kim Choo Tan increased shareholding on November 8th at an average price of 10.0386 Hong Kong dollars per share.$VITASOY INT'L (00345.HK)$2 million shares of common stock, worth approximately 20.0772 million Hong Kong dollars. After the shareholding, Kim Choo Tan's latest number of shares held is 0.118 billion shares, and the shareholding ratio increased from 10.85% to 11.04%.
This trade involves other related parties: Chee Tat Philip Ng.
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.
