On December 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 20, Lin Lijun increased his Shareholding at an average price of 23.83 Hong Kong dollars per share on December 19.$HENLIUS (02696.HK)$He acquired 0.2188 million H shares, valued at approximately 5.214 million Hong Kong dollars. After the increase, Lin Lijun's latest number of shares held is 9.9241 million shares, and the shareholding ratio rose from 5.48% to 6.07%.
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.