On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, Pan Zheng increased his Shareholding on December 9 at an average price of HKD 0.35 per share.$ASIA ORIENT (00214.HK)$He increased his stake in the affiliated corporation Asia Standard International Group Limited by 6.3 million shares of common stock, valued at approximately HKD 2.205 million. After the increase, Pan Zheng's latest Shareholding in the affiliated corporation stands at 0.691 billion shares, raising the good warehouse proportion from 48.21% to 48.65%.
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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.