According to documents disclosed by the Hong Kong Stock Exchange on December 27, it was reported that Li Lizhong increased his shareholding in the over-the-counter market at an average price of HK$0.78 per share on October 14.$AOM INT'L (00381.HK)$42 million ordinary shares, valued at approximately HK$32.76 million. After the increase, Li Lizhong's latest shareholding number is 56 million shares, and the good warehouse ratio has risen from 5.32% to 7.09%.
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.