According to a report on October 21, based on the document disclosed by the Hong Kong Stock Exchange on October 21, Jin Lijun increased his holdings by an average price of HKD 1.1837 per share on October 16.$CONGYU INTE AGR (00875.HK)$He purchased 4.78 million ordinary shares, valued at approximately HKD 5.6581 million. After the increase, Jin Lijun’s total number of shares held amounted to 33,704,000 shares, with his long position ratio rising from 5.29% to 6.17%.
What is equity disclosure?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) must disclose their shareholdings in listed companies. Directors and senior executives of listed companies must disclose their interests in shares and debentures of the listed company and its associated entities.
Why is equity disclosure important?
Disclosure of interests enables investors to identify (1) individuals who control or have the ability to control the shareholdings in the listed company, and (2) individuals who may benefit from transactions involving associated entities of the listed company.
