On June 13, according to documents disclosed by the Hong Kong Stock Exchange, Thebest Investments Limited increased its shareholding by HKD 1.1747 per share on June 13.$CMGE (00302.HK)$Thebest Investments Limited increased its shareholding by 8.0676 million shares of common stock, worth approximately HKD 9.477 million. After the increase, Thebest Investments Limited's latest shareholding number is 165 million shares, and the warehouse-to-warehouse ratio has increased from 5.72% to 6.01%.
Other related parties involved in this trade: Zhu Yihang, Clear Build Investments Limited, and Zhu Yihang.
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.