On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, Lightning Cloud Limited increased its shareholding in the over-the-counter market at an average price of HKD 0.3 per share on December 20.$ZHI SHENG GP (08370.HK)$33 million ordinary shares, worth approximately HKD 9.9 million. After the increase, Lightning Cloud Limited's latest number of shares held is 33 million shares, with the good position ratio rising from 0.00% to 24.31%.
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.