According to documents disclosed by the Hong Kong Stock Exchange on June 17, Leon Cornerstone Investment Holding Limited increased its shareholding on June 11 at an average price of HKD 1.415 per share. $LEON INSPECTION (01586.HK)$Leon Cornerstone Investment Holding Limited increased its ordinary shares by 24,000 shares worth approximately HKD 34,000. After the increase, the latest shareholding of Leon Cornerstone Investment Holding Limited increased from 1.97 billion shares to 36.38%.
This transaction involves other related parties: Li Xiangli.
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.