On November 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 22, Ma Xiaoming increased his shareholding on November 22 at an average price of 3.85 Hong Kong dollars per share.$XIN POINT HOLD (01571.HK)$8 million ordinary shares were acquired, worth approximately 30.8 million Hong Kong dollars. After the increase, Ma Xiaoming's latest shareholding amounts to 0.751 billion shares, with the good warehouse ratio rising from 74.07% to 74.86%.
This trade involves other related parties: Zhu Junhua.
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.