On November 14, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 14, Kunlun Group Limited increased its shareholding on November 13 at an average price of HK$1.3697 per share.$INKEVERSE (03700.HK)$It acquired 5 million ordinary shares, valued at approximately HK$6.8485 million. After the shareholding increase, Kunlun Group Limited's latest shareholding number is 0.216 billion shares, with the good ware ratio rising from 10.89% to 11.15%.
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.