On October 10th, according to the documents disclosed by the Hong Kong Stock Exchange on October 10th, Suotian increased its shareholding on October 9th at an average price of HK$3.9564 per share.$GLOBAL NEW MAT (06616.HK)$1.029 million shares of common stock, worth approximately HK$4.0711 million. After the shareholding, Suotian's latest number of shares held is 0.427 billion shares, with the holdings ratio increasing from 34.37% to 34.45%.
This transaction involves other related parties: Wang Huan.
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.
