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 0.9996 per share on October 15,$CONGYU INTE AGR (00875.HK)$with 2.25 million ordinary shares purchased, valued at approximately HKD 2.2491 million. After the increase in holdings, Jin Lijun's latest number of shares held is 28,924,000 shares, and his long position ratio has increased from 4.97% to 5.29%.
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.
