On August 1st, according to documents disclosed by the Hong Kong Stock Exchange on August 1st, China Great Wall Life Insurance Co., Ltd. increased its shareholding by buying 2 million shares of H shares at an average price of HKD 2.0158 per share, with a total value of about HKD 4.0316 million. After the increase, China Great Wall Life Insurance Co., Ltd.'s latest shareholding is 93.2355 million shares, and the shareholding proportion increased from 10.99% to 11.24%.$QHD PORT (03369.HK)$China Great Wall Life Insurance Co., Ltd. increased its shareholding by purchasing 2 million H shares at an average price of HKD 2.0158 per share, with a total value of approximately HKD 4.0316 million on July 31. After the increase, the latest number of shares held by China Great Wall Life Insurance Co., Ltd. is 93.2355 million shares, and the shareholding proportion increased from 10.99% to 11.24%.
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.