According to the documents disclosed by the Hong Kong Stock Exchange on ****, Liu Jiren increased his shareholding on May 30th at an average price of HKD 0.9336 per share.$NEUSOFT XIKANG (09686.HK)$He bought 95,000 ordinary shares, worth about HKD 88,700. After the increase, Liu Jiren's latest shareholding quantity is 168 million shares, and his warehouse-to-warehouse ratio has increased from 19.91% to 19.92%.
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.