According to the documents disclosed by the Hong Kong Stock Exchange on October 25th, Ho Ying Choi increased his off-exchange shareholding on October 24th at an average price of 0.059 Hong Kong dollars per share.$SHISHI SERVICES (08181.HK)$0.117 billion shares of common stock were acquired, worth approximately 6.9247 million Hong Kong dollars. After the increase, Ho Ying Choi's latest shareholding is 0.743 billion shares, and the shareholding ratio has increased from 55.45% to 65.85%.
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.