According to the documents disclosed by the Hong Kong Stock Exchange on June 14th, Huang Zejun increased his shareholding of 2.5 million H shares at an average price of HK$3.05 per share on June 13th, with a value of about HK$7.625 million. After the increase, Huang Zejun's latest shareholding number was 155 million shares, and his warehouse ratio increased from 4.92% to 5.01%.$GAC GROUP (02238.HK)$The H shares are listed in Hong Kong. After the increase, Huang Zejun's latest shareholding number was 155 million shares, and his warehouse ratio increased from 4.92% to 5.01%.
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.