Reported on November 22nd, according to documents disclosed by the Hong Kong Stock Exchange on November 22nd, Li Daxing increased his shareholding on November 20th at an average price of 0.516 Hong Kong dollars per share.$WORLD HOUSEWARE (00713.HK)$2.6 million ordinary shares, worth approximately 1.3416 million Hong Kong dollars. After the shareholding increase, Li Daxing's latest number of shares held is 0.395 billion shares, and the good warehouse ratio has increased from 49.49% to 49.82%.
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.