According to a report on December 13, based on documents disclosed by the Hong Kong Stock Exchange on December 13, WEALTHY SURPLUS LIMITED increased its shareholding in the over-the-counter market on December 10 at an average price of HKD 1.8 per share.$VCREDIT (02003.HK)$20.5 million ordinary shares, worth approximately HKD 36.9 million. After the increase, WEALTHY SURPLUS LIMITED's latest number of shares held is 67.107 million shares, and the good position ratio rises from 9.52% to 13.71%.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company conducted a share placement and increase in share capital, resulting in the dilution of the active party's shareholding proportion.
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.