On December 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 20, TMF Trust (HK) Limited increased its shareholding on December 16 at an average price of HKD 3.9573 per share.$NEWBORNTOWN (09911.HK)$1.01 million ordinary shares were acquired, worth approximately HKD 3.9969 million. After the increase, TMF Trust (HK) Limited's latest number of shares held is 83.4858 million, with the shareholding ratio rising from 6.92% to 7.00%.
Additional information: 1,010,000 shares to be acquired by Three D Partners Limited.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.