According to documents disclosed by the Hong Kong Stock Exchange on June 3, Rong De Investments Limited sold 6 million ordinary shares at a unit price of HK$0.202 on May 30, with a total value of approximately HK$1.212 million. After the sale, the latest number of shares held by Rong De Investments Limited decreased from 5.587% to 5.579% at 4.031 billion shares.$ZHUGUANG HOLD (01176.HK)$On June 3, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 3, on May 30, Rong De Investments Limited sold 6 million ordinary shares at a unit price of HK$0.202, with a total value of approximately HK$1.212 million. After the sale, the latest number of shares held by Rong De Investments Limited decreased from 55.87% to 55.79% at 4.031 billion shares.
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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 company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related 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.