On December 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 17, Kunlun Group Limited increased its shareholding at an average price of HKD 1.9893 per share on December 16.$INKEVERSE (03700.HK)$It acquired 3.511 million shares of common stock, valued at approximately HKD 6.9844 million. After the increase, Kunlun Group Limited's latest number of shares held is 0.273 billion shares, with the shareholding ratio rising from 13.90% to 14.08%.
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.