According to the documents disclosed by the Hong Kong Stock Exchange on June 24, Cai Guanming increased his shareholding on June 20th at an average price of 0.229 Hong Kong dollars per share.$SUNWAH KINGSWAY (00188.HK)$He purchased 405,000 common shares, worth about 92,700 Hong Kong dollars. After the increase, Cai Guanming's latest shareholding is 71,797,100 shares, and the warehouse ratio has risen from 9.58% to 9.64%.
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.