On December 16, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 16, Glowing Lane Limited increased its shareholding on December 12 at an average price of HKD 2.053 per share.$HENGTOU SEC (01476.HK)$4.348 million Listed in Hong Kong shares, worth approximately HKD 8.9264 million. After the increased shareholding, Glowing Lane Limited's latest number of shares held is 77.522 million, with the shareholding ratio increasing from 16.23% to 17.19%.
This trade involves other related parties: YUNG CHUN KUO.
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.
