Reported on June 5th, according to documents disclosed by the Hong Kong Stock Exchange on June 5th, Champion Kerry Inc. increased its shareholding in the OTC market on May 30th at an average price of $0.9143 per share. The company acquired 26.4694 million other shares of stock, roughly valued at $24.201 million. After the acquisition, the total number of shares held by Champion Kerry Inc. is 26.4694 million, and its warehoused shares percentage has risen from 0.00% to 15.49%.$BAOZUN-W (09991.HK)$2,646.94 million shares of other stock, with a value of approximately $24.201 million, were acquired by Champion Kerry Inc. After the acquisition, the company's total holding of shares is 26.4694 million shares, and its warehouse to sales ratio has increased from 0.00% to 15.49%.
This transaction involves other related parties: JW Flashing Brilliant Limited, Shen Ya, Zhang Xiaochun, Vipshop Holdings Limited, Zhao Qian and Wang Jun.
The category of shares involved in this transaction is Class A ordinary shares.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.