Reported on June 11th, according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, Rong De Investments Limited sold 12.52 million shares of common stock at an average price of HKD 0.1793 per share on June 6th, with a total value of approximately HKD 2.2448 million. After the sale, Rong De Investments Limited's latest holding of shares is 3.981 billion shares, and the good warehouse ratio has decreased from 55.26% to 55.09%.$ZHUGUANG HOLD (01176.HK)$12.52 million shares of common stock were sold for approximately HKD 2.2448 million on June 6th, according to documents disclosed by the Hong Kong Stock Exchange on June 11th. Rong De Investments Limited now holds 3.981 billion shares, with a good warehouse ratio reduced from 55.26% to 55.09%.
This trade involves other related parties: Zhu Qingsong and Liao Tengjia.
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.