According to the documents disclosed by the Hong Kong Stock Exchange on June 27, He Chaofeng increased the shareholding on June 21 at an average price of HKD2.7 per share.$SJM HOLDINGS (00880.HK)$He Chaofeng increased his shareholding by 62,000 ordinary shares with a value of about HKD167,400. After the increase, the latest number of shares held by He Chaofeng was 36,317,100 shares, with a warehouse ratio of 0.51%.
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.