Reported on November 25th, according to the documents disclosed by the Hong Kong Stock Exchange on November 25th, Wu Jianying increased his shareholding by an average price of 0.83 Hong Kong dollars per share on November 20th.$ARTS OPTICAL (01120.HK)$2.068 million ordinary shares, valued at approximately 1.7164 million Hong Kong dollars. After the increase, Wu Jianying's latest number of shares held is 16.493 million shares, and the holding ratio has increased from 3.73% to 4.27%.
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.