On December 12, it was reported that, according to documents disclosed by the Hong Kong Stock Exchange on December 12, Hallgain Management Limited increased its shareholding on December 10 at an average price of 19.7775 Hong Kong dollars per share.$KINGBOARD HLDG (00148.HK)$It acquired 0.8 million ordinary shares, valued at approximately 15.822 million Hong Kong dollars. After the shareholding increase, Hallgain Management Limited's latest holding is 0.488 billion shares, with the good warehouse ratio increasing from 43.92% to 43.99%.
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 shares) must disclose their shareholding interests in listed companies. The Directors and senior executives of listed companies must disclose their share and debenture interests in both the listed company and its affiliated 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.