Reported on October 17th, according to the documents disclosed by the Hong Kong Stock Exchange on October 17th, China Life Insurance Co., Ltd. increased its shareholding on October 16th at an average price of 2.1288 Hong Kong dollars per share.$DATANG RENEW (01798.HK)$5 million H-shares were traded, valued at approximately 10.644 million Hong Kong dollars. After the shareholding, the latest number of shares held by China Life Insurance Co., Ltd. is 0.177 billion shares, and the holding ratio has increased from 6.88% to 7.08%.
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.