Reported on November 1st, according to documents disclosed by the Hong Kong Stock Exchange on November 1st, E Fund Management Co., Ltd. increased its shareholding on October 29 at an average price of 6.4272 Hong Kong dollars per share.$DONGYUE GROUP (00189.HK)$Increasing by 1.123 million H股 shares, valued at approximately 7.2177 million Hong Kong dollars. After the increase, E Fund Management Co., Ltd.'s latest shareholding is 87.449 million shares, and the percentage of shares held in the fund increased from 4.98% to 5.05%.
Supplementary information: E Fund Management Co., Ltd. ceased to have a notifiable interest in the shares.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.