According to documents disclosed by the Hong Kong Stock Exchange on June 14th, Farrich Investments Limited increased its shareholding on June 13th at an average price of HKD 1.1747 per share, purchasing 8.0676 million ordinary shares with a value of approximately HKD 9.477 million. After the shareholding increase, the latest shareholding of Farrich Investments Limited amounts to 165 million shares, and the warehouse-to-warehouse ratio increases from 5.72% to 6.01%.$CMGE (00302.HK)$After purchasing 8.0676 million ordinary shares with a value of approximately HKD 9.477 million on June 13, Farrich Investments Limited's shareholding peaked at 165 million shares, elevating warehouse-to-warehouse ratio from 5.72% to 6.01%.
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.