Reported on November 18th, according to the documents disclosed by the Hong Kong Stock Exchange on November 18th, Capital Realm Financial Holdings Limited increased their shareholding on October 23rd at an average price of 0.492 Hong Kong dollars per share.$ICONCULTURE (08500.HK)$Purchasing 11.08 million shares of ordinary shares, worth approximately 5.4514 million Hong Kong dollars. After the increase, Capital Realm Financial Holdings Limited's latest number of shares held is 0.109 billion shares, and the warehouse ratio has increased from 22.69% to 25.25%.
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.