According to documents disclosed by the Hong Kong Stock Exchange on September 25, YEW JING TAN was sold over the counter at an average price of HK $0.94 per share on September 22nd.$CREATIVE CHINA (08368.HK)$18.8905 million common shares worth about HK $17.7571 million. After the sale, the latest number of shares held by YEW JING TAN is 6.2968 million shares, and the proportion of long positions has fallen from 5.32 per cent to 1.42 per cent.
Supplementary information: My shareholding has been reduced due to complete a sale of the sharesWhat is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) are required to disclose their interests in shares of listed companies. The directors and chief executives of a listed company shall disclose their interests in shares and debentures of the listed company and the company associated with the listed company.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) those who control or have the ability to control the shares of listed companies, and (2) those who may benefit from transactions involving associated entities of listed companies.