According to the documents disclosed by the Hong Kong Stock Exchange on October 22, E-tron Co., Ltd increased its off-market shareholding on September 30 at an average price of 0.295 Hong Kong dollars per share.$E&P GLOBAL (01142.HK)$24.1695 million ordinary shares, worth approximately 7.13 million Hong Kong dollars. After the shareholding, E-tron Co., Ltd's latest number of shares held is 24.1695 million shares, and the net long position ratio has increased from 0.00% to 16.67%.
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.