Reported on November 1st, according to the documents disclosed by the Hong Kong Stock Exchange on November 1st, Shen Yuanqing increased his shareholding off the market on October 31st at an average price of 0.57 Hong Kong dollars per share.$XINYUAN PM (01895.HK)$He purchased a total of 28.8666 million ordinary shares, with a total value of approximately 16.454 million Hong Kong dollars. After the shareholding, Shen Yuanqing's latest number of shares held is 56.222 million shares, and the stake in the company increased from 4.61% to 9.48%.
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.