Reported on October 29th, according to the documents disclosed by the Hong Kong Stock Exchange on October 29th, Shen Yuanqing increased his shareholding on October 28th at an average price of 0.67 Hong Kong dollars per share.$XINYUAN PM (01895.HK)$He increased his shareholding by 5.9304 million shares of common stock, worth approximately 3.9734 million Hong Kong dollars. After the increase, Shen Yuanqing's latest number of shares held is 27.3554 million shares, and his ownership ratio has increased from 3.61% to 4.61%.
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.