On December 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 9, Li Xiaoxuan increased his shareholding on December 6 at an average price of 0.9883 HKD per share.$NEW HIGHER EDU (02001.HK)$He increased his holdings by 2 million ordinary shares, worth approximately 1.9766 million HKD. After the shareholding increase, Li Xiaoxuan's latest number of shares held is 0.761 billion shares, and the good warehouse ratio rose from 49.17% to 49.30%.
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.