Reported on November 4th, according to documents disclosed by the Hong Kong Stock Exchange on November 4th, FMR LLC increased its shareholding on October 30th at an average price of HK$16.3814 per share.$CHINA LIFE (02628.HK)$FMR LLC increased its shareholding of 2.946 million H shares, worth approximately HK$48.2596 million. After the increase, FMR LLC's latest shareholding is 0.447 billion shares, and the holding ratio has risen from 5.96% to 6.00%.
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.