According to the disclosure of documents by The Stock Exchange of Hong Kong on September 13, FMR LLC increased its shareholding on September 10 at an average price of HKD 32.8673 per share.$WUXI APPTEC (02359.HK)$FMR LLC increased its shareholding by 2.5122 million H shares, with a value of approximately HKD 82.5692 million. After the increase, FMR LLC's latest shareholding is 32.2108 million shares, and the warehouse ratio has increased from 7.67% to 8.32%.
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.