On November 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 26, Glowing Lane Limited increased its shareholding at an average price of HK$2.05 per share on November 25.$HENGTOU SEC (01476.HK)$7.299 million shares of listed in hong kong, valued at approximately HK$14.9629 million. After the increase, the latest number of shares held by Glowing Lane Limited is 49.533 million shares, with the good position ratio rising from 9.36% to 10.98%.
This trade involves other related parties: YUNG CHUN KUO.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.
