Reported on November 25, according to documents disclosed by the Hong Kong Stock Exchange on November 25, Bok Chuan Hng increased their shareholding off-exchange on November 7 at an average price of 0.1 Hong Kong dollars per share.$TOPSTANDARDCORP (08510.HK)$33.1776 million ordinary shares, worth approximately 3.3178 million Hong Kong dollars. After the increase in shareholding, Bok Chuan Hng's latest number of shares held is 33.1776 million shares, and their stake rose from 0.00% to 16.67%.
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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.