On December 16, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 16, Shu Ping increased her Shareholding in the over-the-counter market on December 11 at an average price of HK$20.24 per share.$SUPER HI (09658.HK)$She increased her holding of 1.5 million ordinary shares, valued at approximately HK$30.36 million. After the increase, Shu Ping's latest number of shares held is 0.338 billion shares, and the proportion of favorable positions rose from 51.69% to 51.92%.
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.