According to documents disclosed by the Hong Kong Stock Exchange on June 7, Huo Dongling increased his shareholding on June 4 at an average price of HKD 0.5877 per share.$COMBA (02342.HK)$He acquired 282,000 ordinary shares with a value of approximately HKD 165,700. After the transaction, Huo Dongling's latest shareholding increased to 694 million shares, and his shareholding ratio rose from 25.09% to 25.10%.
Other related parties involved in this trade are Huo Dongling and Chen Jingna.
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.