On December 19, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 19, Huang Weichang increased his shareholding on December 16 at an average price of HKD 13.7966 per share.$LUK FOOK HOLD (00590.HK)$He acquired 0.094 million ordinary shares, worth approximately HKD 1.2969 million. After the increase, Huang Weichang's latest shareholding is 0.26 billion shares, with the good holding ratio rising from 44.25% to 44.26%.
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.