On January 7, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 7, KINGDEE INT'L increased its shareholding at an average price of HKD 8.744 per share on December 31, 2024.$KINGDEE INT'L (00268.HK)$3.265 million shares of Listed in Hong Kong were worth approximately HKD 28.5492 million. After the increase, KINGDEE INT'L's latest number of shares held is 0.181 billion shares, and the good warehouse ratio rose from 4.96% to 5.06%.
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.