On June 25th, according to documents disclosed by the Hong Kong Stock Exchange on June 25th, BlackRock, Inc. increased its shareholding on June 19th at an average price of HKD 31.7711 per share, acquiring a total of 66,600 H shares with a value of approximately HKD 2.116 million. After the increase, BlackRock's latest shareholding amount is 19.4107 million shares, and the percentage of outstanding shares has risen from 4.99% to 5.01%.$WUXI APPTEC (02359.HK)$66,600 H shares of approximately HKD 2.116 million in value were acquired by BlackRock, Inc. at an average price of HKD 31.7711 per share on June 19th, according to documents disclosed by the Hong Kong Stock Exchange on June 25th. After the acquisition, BlackRock's latest shareholding amount is 19.4107 million shares, and the percentage of outstanding shares has risen from 4.99% to 5.01%.
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.