According to a report on December 13, based on documents disclosed by the Hong Kong Stock Exchange on December 13, Wang Xiaofei increased his shareholding on December 11 at an average price of HKD 0.084 per share.$YUANDA CHINA (02789.HK)$77.608 million shares of common stock, valued at approximately HKD 6.5191 million. After the increase, Wang Xiaofei's latest shareholding number is 0.399 billion shares, and the good warehouse ratio rose from 5.18% to 6.43%.
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.