On September 24th, according to documents disclosed by the Hong Kong Stock Exchange on September 24th, Zhang Guohua increased the shareholding of Kingboard Holdings Limited by an average price of 16.212 Hong Kong dollars per share on September 23rd.$KB LAMINATES (01888.HK)$After the shareholding, Zhang Guohua's latest shareholding in the associated entity is 18.8953 million shares, with a stake rising from 1.68% to 1.70%.
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.