According to the documents disclosed by the Hong Kong Stock Exchange on July 25th, Rui Zhong Life Insurance Co., Ltd. increased its shareholding on July 22nd at an average price of HKD 7.45 per share, increasing its holdings by 5.26 million listed Hong Kong shares, valued at approximately HKD 39.187 million. After the increase, the latest holding of Rui Zhong Life Insurance Co., Ltd. is 0.166 billion shares, and the warehouse ratio has increased from 4.84% to 5.00%.$CHINA LONGYUAN (00916.HK)$5.26 million H shares, listed in Hong Kong, with a value of approximately HKD 39.187 million, were acquired by Rui Zhong Life Insurance Co., Ltd. on July 22nd at an average price of HKD 7.45 per share. The latest total shares held by the company is 0.166 billion shares, and the proportion of the equity has increased from 4.84% to 5.00%.
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.