On June 11th, according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, Shanghai Ningquan Asset Management Co., Ltd. increased its shareholding on June 3 at an average price of HKD 1.11 per share.$XINYI ENERGY (03868.HK)$Purchasing 5,248,000 shares of H shares, valued at approximately HKD 5,825,300. After the increase in shareholding, the latest shareholding of Shanghai Ningquan Asset Management Co., Ltd. is 500 million shares, and the proportion of good warehouses has increased from 5.99% to 6.06%.
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.