On December 20, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 20, Wang Jiafu increased his shareholding off-market at an average price of HKD 3.66 per share on December 17.$ALCO HOLDINGS (00328.HK)$He acquired 6.396 million ordinary shares, valued at approximately HKD 23.4094 million. After the increase, Wang Jiafu's latest shareholding amount is 6.396 million shares, with the shareholding ratio rising from 0.00% to 5.56%.
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.