According to documents disclosed by the Stock Exchange on September 21, Anhui Anhui Conch Cement Co., Ltd. increased its holdings at an average price of HK $5.8606 per share on September 19.$CONCH ENVIRO (00587.HK)$3.129 million shares worth about HK $18.3378 million. After the increase, the latest number of shares held by Anhui Anhui Conch Cement Co., Ltd. is 365 million shares, and the proportion of Haocang has increased from 19.83% to 20.00%.
Photo source: equity disclosure of the Stock Exchange
What is equity disclosure?
As required by the Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) are required to disclose their interests in shares of listed companies. The directors and chief executives of a listed company shall disclose their interests in shares and debentures of the listed company and the company associated with the listed company.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) those who control or have the ability to control the shares of listed companies, and (2) those who may benefit from transactions involving associated entities of listed companies. Investors can make investment decisions based on the disclosure of their interests (the behavior of increasing or reducing their holdings).