On July 2nd, according to documents disclosed by the Hong Kong Stock Exchange, Dong Qingbo increased his shareholding on June 28th at an average price of HKD 1.3421 per share.$XY ELEC STORAGE (08328.HK)$He purchased 156,000 ordinary shares, worth approximately HKD 209,400. After the transaction, Dong Qingbo's latest shareholding amounted to 580 million shares, with a good warehouse ratio of 73.78%.
Other related parties involved in this trade are Li Shengdian, Li Qinghuai, Li Wenyan, Dong Xizhi, Wu Yinhe, Shi Nengshi, Li Qingliang, Li Xianyi, Shi Danhong and Dong Qingshi.
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.
