According to a report on November 18, based on documents disclosed by the Hong Kong Stock Exchange on November 18, Capital Realm Financial Holdings Limited increased its shareholding on October 22 at an average price of 0.4588 Hong Kong dollars per share.$ICONCULTURE (08500.HK)$It increased by 12.5 million ordinary shares, valued at approximately 5.735 million Hong Kong dollars. After the increase, Capital Realm Financial Holdings Limited's latest shareholding is 98 million shares, with the good warehouse ratio rising from 19.79% to 22.69%.
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.