According to documents disclosed by the Hong Kong Stock Exchange on June 7th, FIDELITY INVESTMENT TRUST sold 389,300 ordinary shares at an average price of HKD 23.854 per share on ****, worth approximately HKD 9.2864 million. After the sale, the latest holdings of FIDELITY INVESTMENT TRUST are 25,396,900 shares, and the warehouse ratio has decreased from 5.05% to 4.97%.$CHERVON (02285.HK)$The value of 389,300 ordinary shares sold by FIDELITY INVESTMENT TRUST was approximately HKD 9.2864 million. After the sale, the latest holdings of FIDELITY INVESTMENT TRUST are 25,396,900 shares, and the warehouse ratio has decreased from 5.05% to 4.97%.
Additional information: Ceasing to have a notifiable interest due to disposal of share(s).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.