On November 21, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 21, Ke Rongqin increased his shareholding on November 20 at an average price of HKD 1.31 per share.$CABBEEN (02030.HK)$He acquired 0.781 million shares of ordinary stock, valued at approximately HKD 1.0231 million. After the increase, Ke Rongqin's latest shareholding is 9.691 million shares, with the good share ratio rising from 1.33% to 1.45%.
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.