On November 20, it was reported that according to files disclosed by the Hong Kong Stock Exchange on November 20, Ma Xiangjie increased his shareholding through off-market trades at an average price of HKD 4.1609 per share on November 18.$WH GROUP (00288.HK)$57.4642 million ordinary shares were valued at approximately HKD 0.239 billion. After the shareholding increase, Ma Xiangjie's latest number of shares held is 5.029 billion shares, with a good holding ratio of 39.20%.
Supplementary information: On November 18, 2024, Mr. Ma Xiangjie, as a participant of the Heroic Zone Share Plan (HZSP), agreed to acquire approximately 1.14257% beneficial interest under the HZSP from another HZSP participant. As a result, Mr. Ma's percentage interest as a participant in the HZSP has increased, and he holds 80,183,756 Shares through the HZSP (i.e., Shares with voting rights controlled by Heroic Zone Ltd, multiplied by Mr. Ma's percentage interest in the HZSP).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.