According to the documents disclosed by the Hong Kong Exchange on July 8th, Beijing Fengquan Investment Management Co., Ltd. increased its shareholding on June 24th at an average price of RMB 9.771 per share. They purchased 0.493 million H shares with a total value of about RMB 4.8171 million. After the shareholding, the latest shareholding of Beijing Fengquan Investment Management Co., Ltd. is 26.732 million shares, and the holding ratio has increased from 5.94% to 6.05%. $XINHUA WINSHARE (00811.HK)$This trade involves other related parties: Chen Zheng.
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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.