According to a document disclosed by the Hong Kong Stock Exchange on December 18, it was reported that Guo Guixian increased his shareholding in the over-the-counter market at an average price of HKD 1.94 per share on December 13.$COOL LINK (08491.HK)$He acquired 26.865 million ordinary shares, valued at approximately HKD 52.1181 million. After the increase, Guo Guixian's latest number of shares held is 26.865 million shares, with the good warehouse ratio rising from 0.00% to 6.74%.
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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.