On November 22, according to the documents disclosed by the Hong Kong Stock Exchange on November 22, Lam Wai Wah increased his shareholding on November 21 at an average price of 1.0177 Hong Kong dollars per share.$TRULY INT'L (00732.HK)$1.366 million ordinary shares, valued at approximately 1.3902 million Hong Kong dollars. After the increase in shareholding, Lam Wai Wah's latest number of shares held is 1.657 billion shares, with a stake ratio increasing from 52.39% to 52.43%.
Other related parties involved in this trade are Lin Weihua and Zhong Qiongqi.
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.
