On December 11, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 11, Tu Honglin increased his shareholding on December 10 at an average price of HKD 4.10 per share.$TS LINES (02510.HK)$300,000 ordinary shares were acquired, valued at approximately HKD 1.23 million. After the increase, Tu Honglin's latest shareholding is 300,000 shares, and the good warehouse ratio has increased from 0.00% to 0.02%.
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.