On June 3rd, according to the documents disclosed by the Hong Kong Stock Exchange, Citic Sec Asset Management - Single Asset Management Plan No. 3 increased their shareholding to an average price of HKD 3.7236 per share on May 31st.$BANK OF CHINA (03988.HK)$They increased their shareholding by 218 million H shares, with a value of approximately HKD 813 million. After the increase, the latest number of shares held by Citic Sec Asset Management - Single Asset Management Plan No. 3 is 5.08 billion shares, and their warehouse ratio has increased from 5.81% to 6.07%.
Additional information: Table 11: Registration certificate number not applicable, SAGS86 is the record number of the China Securities Investment Fund Association; 2. Citic Securities Asset Management Co., Ltd. is the manager of Citic Sec Asset Management - Single Asset Management Plan No. 3.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.