On December 10, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 10, Zheng Qunying increased his Shareholding on December 6 at an average price of 0.033 HKD per share in the over-the-counter market.$A METAVERSE (01616.HK)$0.172 billion shares of common stock, valued at approximately 5.6736 million HKD. After the increase, Zheng Qunying's latest shareholding number is 172 million shares, with the good warehouse ratio rising 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) must disclose their shareholdings in the listed company. Directors and senior executives of the listed company must disclose their equity interests in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure allows investors to identify (1) persons who control or have the ability to control the equity interests in the listed company, and (2) persons who may benefit from transactions involving entities related to the listed company.