On January 7, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 7, Huang Wenghui increased his shareholding on January 2 at an average price of 0.385 HKD per share.$UNITY GP HLDGS (01539.HK)$3.086 million ordinary shares, valued at approximately 1.1881 million HKD. After the increase, Huang Wenghui's latest number of shares held is 1.929 billion shares, and the shareholding ratio increased from 55.91% to 56.00%.
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.