Reported on October 18th, according to documents disclosed by the Hong Kong Stock Exchange on October 18th, Chee Tat Philip Ng increased shareholding on October 15th at an average price of 6.4237 Hong Kong dollars per share.$VITASOY INT'L (00345.HK)$0.552 million ordinary shares, valued at approximately 3.5459 million Hong Kong dollars. After the shareholding, Chee Tat Philip Ng's latest number of shareholdings is 85.958 million shares, with a HHI ratio increasing from 7.96% to 8.01%.
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.