According to the documents disclosed by the Hong Kong Stock Exchange on July 29th, Huang Deming acquired shareholding off-market at an average price of HKD 0.2 per share on July 12th.$YING KEE TEA (08241.HK)$He bought 8.735 million shares of ordinary stock, worth about HKD 1.747 million. After the acquisition, Huang Deming's latest shareholding number rose to 18.135 million shares, and the good warehouse ratio increased from 2.59% to 5.01%.
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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.