Reported on October 18th, according to the documents disclosed by the Hong Kong Stock Exchange on October 18th, Chee Tat Philip Ng increased their shareholding on October 15th at an average price of 6.4941 Hong Kong dollars per share.$VITASOY INT'L (00345.HK)$Purchasing a total of 1.012 million ordinary shares, with a total value of approximately 6.572 million Hong Kong dollars. Following the increase, Chee Tat Philip Ng's latest number of shares held is 76.1 million shares, raising their stake from 7.00% to 7.09%.
Supplementary Information: Box 15: The percentage calculated from 75,088,000 shares, rounded to 5 decimal places, is 6.99734%, which is below 7%.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.