Reported on November 26th, according to the documents disclosed by the Hong Kong Stock Exchange on November 26th, Zheyan Wu increased their off-exchange shareholding on November 6th with an average price of 0.325 Hong Kong dollars per share.$CH ENV TECH&BIO (01237.HK)$9.7571 million ordinary shares, with a value of approximately 3.1711 million Hong Kong dollars. After the shareholding, Zheyan Wu's latest number of shares held is 11.4595 million shares, and the holding ratio has increased from 1.85% to 12.44%.
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.