According to documents released by Hong Kong Exchanges and Clearing on June 24th, Du Yun increased his shareholding off-market on June 18th at an average price of HK$0.015 per share. He acquired 166 million ordinary shares of a total value of about HK$2.4953 million. After the shareholding, Du Yun's latest shareholding number increased to 838 million shares and the warehouse ratio rose from 23.22% to 28.97%.$KINGWELL GROUP (01195.HK)$He now holds 838 million shares, and his good warehouse ratio has increased from 23.22% to 28.97%.
Other related parties involved in this transaction: Union Day Group Limited and Du Yun.
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.