Reported on November 14th, according to the documents disclosed by the Hong Kong Stock Exchange on November 14th, Hallgain Management Limited increased its shareholding on November 13 to an average price of 18.94 Hong Kong dollars per share.$KINGBOARD HLDG (00148.HK)$0.1 million shares of common stock were increased, with a total value of approximately 1.894 million Hong Kong dollars. After the increase, Hallgain Management Limited's latest number of shares held is 0.486 billion shares, and the holding ratio has increased from 43.82% to 43.83%.
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.