Reported on November 20th, according to documents disclosed by the Hong Kong Stock Exchange on November 20th, Wah Hung Property Investment Limited increased its off-exchange shareholding on November 14th at an average price of HK$0.06 per share.$CHINASILVER TEC (00515.HK)$0.22 billion shares of common stock, valued at approximately HK$13.2 million. After the shareholding increase, Wah Hung Property Investment Limited's latest number of shares held is 0.22 billion shares, and the beneficial ownership ratio has increased from 0.00% to 19.41%.
This trade involves other related parties: Jiang Zhenhao and He Xiumei.
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.
