On December 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 24, Lai Ningning increased her Shareholding on December 20 at an average price of HKD 0.30 per share in the over-the-counter market.$ZHI SHENG GP (08370.HK)$She acquired 33 million ordinary shares, valued at approximately HKD 9.9 million. After the increase, Lai Ningning's latest number of shares held is 43 million, and the shareholding ratio rose from 11.02% to 31.68%.
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.