Reported on November 28th, according to the documents disclosed by the Hong Kong Stock Exchange on November 28th, Xue Shouguang increased his shareholding on November 6th at an average price of HK$0.9995 per share.$RUIHE DATA (03680.HK)$1.652 million ordinary shares, valued at approximately HK$1.6512 million. After the increase in shareholding, Xue Shouguang's latest number of shares held is 0.112 billion shares, and the holding ratio has increased from 16.63% to 16.88%.
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.