On September 23, according to the documents disclosed by the Hong Kong Stock Exchange on September 23, Yao Zhisheng increased his shareholding on September 19 at an average price of 0.325 Hong Kong dollars per share.$UNITEDENERGY GP (00467.HK)$He acquired 30 million common shares, worth approximately 9.75 million Hong Kong dollars. After the increase, Yao Zhisheng's latest number of shares held is 6.014 billion shares, and his holding ratio increased from 23.15% to 23.26%.
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.