On January 7, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on January 7, Abundance Development Limited increased its Shareholding at an average price of HKD 0.385 per share on December 20, 2024.$UNITY GP HLDGS (01539.HK)$3.086 million ordinary shares, valued at approximately HKD 1.1881 million. After the increase, Abundance Development Limited's latest number of shares held is 1.824 billion shares, and the good warehouse ratio increased from 52.87% to 52.96%.
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.