On November 19, according to the documents disclosed by the Hong Kong Stock Exchange on November 19, Zheng Dunni increased the shareholding at an average price of HK$0.8 per share on November 18.$SYMPHONY HOLD (01223.HK)$Zheng Dunni purchased 2 million shares of common stock, worth approximately 1.6 million Hong Kong dollars. After the increase, Zheng Dunni's latest number of holdings is 1.3 billion shares, and the shareholding ratio increased from 43.65% to 43.72%.
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.