On July 26th, according to the documents disclosed by the Hong Kong Stock Exchange, China Great Wall Life Insurance Co. Ltd. increased its shareholding by purchasing 1 million H shares at an average price of HKD 1.9041 per share on July 17th, with a total value of approximately HKD 1.9041 million. After the increase, the latest holding number of China Great Wall Life Insurance Co. Ltd. is 83 million shares, and the shareholding proportion has increased from 9.88% to 10.00%.$QHD PORT (03369.HK)$China Great Wall Life Insurance Co. Ltd. increased its shareholding by purchasing 1 million listed in Hong Kong shares at an average price of HKD 1.9041 per share on July 17th, with a total value of approximately HKD 1.9041 million. After the increase, the latest holding number of China Great Wall Life Insurance Co. Ltd. is 83 million shares, and the shareholding proportion has increased from 9.88% to 10.00%.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.