Reported on October 3rd, according to the documents disclosed by the Hong Kong Stock Exchange on October 3rd, Lam Kwok Choi increased his shareholding on October 2nd at an average price of HK$0.152 per share.$KINERGY (03302.HK)$17.9419 million ordinary shares, valued at approximately HK$2.7272 million. After the increase in shareholding, Lam Kwok Choi's latest number of shares held is 0.324 billion shares, and the holding ratio has increased from 33.22% to 35.16%.
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.