Reported on December 3rd, according to the documents disclosed by the Hong Kong Stock Exchange on December 3rd, Solidarity Partnership increased its shareholding off-exchange on November 6th at an average price of 0.2976 Hong Kong dollars per share.$E&P GLOBAL (01142.HK)$Acquiring 17.4031 million common shares, valued at approximately 5.1792 million Hong Kong dollars. After the shareholding, Solidarity Partnership's latest number of shares held is 17.4031 million shares, and the HCR ratio increased from 0.00% to 12.00%.
This trade involves other related parties: Jonghee Park.
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.
