According to a report on October 28, as disclosed in a document by the Hong Kong Stock Exchange on October 28, Li Jun Jin increased his holding by an average price of HKD 1.6381 per share on October 22.$CONGYU INTE AGR (00875.HK)$He purchased 3.3 million ordinary shares, worth approximately HKD 5.4057 million. After the increase, Li Jun Jin’s total number of shares held stands at 38,552,000 shares, with his long position ratio rising from 6.45% to 7.06%.
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.
