Reported on November 4th, according to the documents disclosed by the Hong Kong Stock Exchange on November 4th, Zijin Mining Group Limited increased their off-market shareholding on October 30th at an average price of 8.33 Hong Kong dollars per share.$WANGUO GOLD GP (03939.HK)$0.166 billion ordinary shares were purchased, valued at approximately 1.379 billion Hong Kong dollars. After the shareholding increase, the latest number of shares held by Zijin Mining Group Limited is 0.19 billion shares, and the shareholding proportion has increased from 2.70% to 17.57%.
Supplementary information: Our wholly owned subsidiary, Jinshan (Hong Kong) International Mining Company Limited, has subscribed to 165,600,000 ordinary shares of Kinross Gold Corporation under the general authorization of Kinross Gold Corporation.Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.