Reported on October 14th, according to the documents disclosed by the Hong Kong Stock Exchange on October 14th, LUI YU KIN increased their off-exchange shareholding on October 8th at an average price of 0.06 Hong Kong dollars per share.$EDICO HOLDINGS (08450.HK)$0.56 billion ordinary shares, valued at approximately 33.6 million Hong Kong dollars. After the increase, LUI YU KIN's latest number of shares held is 0.56 billion shares, and the stake in the good warehouse has increased from 0.00% to 56.00%.
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.