Reported on November 22nd, according to the documents disclosed by the Hong Kong Stock Exchange on November 22nd, CARGO MAN LOGISTICS COMPANY LIMITED increased its shareholding on November 20th at an average price of 0.028 Hong Kong dollars per share.$WAN LEADER (08482.HK)$0.103 billion ordinary shares of CARGO MAN LOGISTICS COMPANY LIMITED were acquired, worth approximately 2.8885 million Hong Kong dollars. After the increase, the latest number of shares held by CARGO MAN LOGISTICS COMPANY LIMITED is 0.103 billion shares, and the stake ratio has increased from 0.00% to 8.27%.
Supplementary information: revised number of shares of point 17, 19, 20 and revised percentage figure of point 19What 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.