According to documents disclosed by the Stock Exchange of Hong Kong on February 3, Ping An Asset Management Co., Ltd. Sold on January 31st at an average price of HK $4.2016 per share$ICBC (01398.HK)$91.406 million H shares, worth about HK $384 million. After the sale, Ping An Asset Management Co., Ltd. The latest number of holdings is 12.138 billion shares, and the proportion of long positions has fallen from 14.08 per cent to 13.98 per cent.
What is equity disclosure?
According to the requirements of the Hong Kong 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.