Reported on November 28th, according to the documents disclosed by the Hong Kong Stock Exchange on November 28th, Kuang Ming Investments Pte. Limited increased its shareholding on November 25th at an average price of 10.1911 Hong Kong dollars per share.$VITASOY INT'L (00345.HK)$Kuang Ming Investments Pte. Limited purchased 2.296 million ordinary shares at a total value of approximately 23.3988 million Hong Kong dollars. After the shareholding, the latest number of shares held by Kuang Ming Investments Pte. Limited is 77.376 million shares, and the holding ratio has increased from 7.00% to 7.21%.
Additional information: Box 18: The percentage represented by 75,080,000 shares, rounded to 5 decimal places, is 6.99659%, which is below 7%.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.