On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, MAGIC MOUNT LIMITED increased its Shareholding on December 10 at an average price of HKD 1.8 per share in the over-the-counter market.$VCREDIT (02003.HK)$7 million shares of common stock, valued at approximately HKD 12.6 million. After the increase, MAGIC MOUNT LIMITED's latest number of shares held is 34.0939 million, with the good warehouse ratio rising from 5.54% to 6.97%.
This Trade involves Other related parties: Liao Shihong and MAGIC MOUNT LIMITED.
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.