On December 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 9, Chen Jianxin increased his shareholding in the over-the-counter market on December 6 at an average price of 0.033 Hong Kong dollars per share.$A METAVERSE (01616.HK)$0.172 billion shares of ordinary shares, worth approximately 5.6736 million Hong Kong dollars. After the shareholding increase, Chen Jianxin's latest number of shares held is 172 million shares, and the good position ratio increased from 0.00% to 7.99%.
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.