On December 23, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 23, Li Zeju increased his Shareholding on December 20 at an average price of HKD 30.4778 per share.$CK ASSET (01113.HK)$1.307 million ordinary shares were acquired, valued at approximately HKD 39.8345 million. After the increase, Li Zeju's latest shareholding amount is 1.706 billion shares, and the shareholding ratio rose from 48.71% to 48.75%.
Supplementary information: Boxes 27 & 32: Certain discretionary trusts (which discretionary beneficiaries include, inter alia, Li Tzar Kuoi, Victor ("VL"), his wife & children, Li Tzar Kai, Richard) hold units in certain unit trusts but are not entitled to any particular unit trusts assets. VL indirectly owns 2/3 of the issued share capital of trustee companies which, as trustees of these trusts together with companies controlled by them, hold 1,328,696,745 shares independently from VL as a Shareholder of trustee companies.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.