On December 9, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 9, Leslie Cheung increased his shareholding by 0.2075 million ordinary shares at an average price of 19.0103 HKD per share on December 6.$KINGBOARD HLDG (00148.HK)$After increasing his shareholding, Leslie Cheung's latest number of shares held is 14.1574 million shares, with the good stock ratio rising from 1.25% to 1.27%.
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.