Reported on September 26, according to the document disclosed by the Hong Kong Stock Exchange on September 26, FIL Limited increased its shareholding on September 23 at an average price of 1.485 Hong Kong dollars per share.$TONGDAO LIEPIN (06100.HK)$The company purchased 2.9578 million shares of common stock, worth approximately 4.3923 million Hong Kong dollars. After the increase, FIL Limited's latest shareholding reached 51.9192 million shares, and the warehouse ratio increased from 9.52% to 10.09%.
Other related parties involved in this trade are Pandanus Associates Inc. and Pandanus Partners L.P.
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.