According to documents disclosed by the Hong Kong Stock Exchange on October 11, Orient Securities International Financial Group Limited increased its holdings at an average price of HK $1.18 per share on July 18.$ZHONGAN SERVICE (02271.HK)$32.7 million common shares worth about HK $38.586 million. After the increase, the latest number of shares held by Orient Securities International Financial Group Limited is 32.7 million shares, and the proportion of long positions has increased from 0.005% to 6.32%.
This transaction involves other related parties: Orient Asset Management (Hong Kong) Limited, Orient Finance Holdings (Hong Kong) Limited and Orient Securities Company Limited.
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.