Reported on September 26th, according to documents disclosed by the Hong Kong Stock Exchange on September 26th, orient Securities Co., Ltd. (DFZQ) increased its shareholding on March 5th at an average price of 6.8 Hong Kong dollars per share.$SHENZHENEXPRESS (00548.HK)$0.454 million listed in hong kong shares, with a value of approximately 3.0872 million Hong Kong dollars, were acquired by orient Securities Co., Ltd. (DFZQ). After the increase in shareholding, orient Securities Co., Ltd. (DFZQ) now holds a total of 37.462 million shares, increasing the ownership ratio from 4.95% to 5.01%.
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.