Reported on November 21st, according to the documents disclosed by the Hong Kong Stock Exchange on November 21st, Luo Jiarui increased holdings on November 18 at an average price of 1.7085 Hong Kong dollars per unit.$CHAMPION REIT (02778.HK)$0.859 million fund units, valued at approximately 1.4676 million Hong Kong dollars. After the increase in holdings, Luo Jiarui's latest position is 4.283 billion fund units, with a good position ratio increasing from 70.43% to 70.44%.
Supplementary information: Box 27 2501 Other - in the capacity of Settlor and a Member of the Advisory Committee and Management Committee of a Charitable Trust.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.