On December 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 20, Eong Liat Jason Chan increased his shareholding in the over-the-counter market at an average price of HK$0.87 per share on December 17.$MAIYUE TECH (02501.HK)$8.471 million ordinary shares, valued at approximately HK$7.3698 million. After the increase, the latest number of shares held by Eong Liat Jason Chan is 36.596 million shares, with the good position ratio rising from 5.63% to 7.32%.
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.