According to the document disclosed by the Hong Kong Stock Exchange on June 27th, Wei Shicheng increased his shareholding on June 26th at an average price of HKD 0.5468 per share. $KATO (HK) HLDGS (02189.HK)$Wei Shicheng increased his shareholding by 4.152 million ordinary shares, with a value of approximately HKD 2.2703 million. After the increase, his latest shareholding was 643 million shares, and the warehouse ratio increased from 63.87% to 64.29%.
This transaction involves other related parties: Wei Xiaoling.
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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.