Reported on November 8th, according to the disclosure documents from the Hong Kong Stock Exchange on November 8th, Fidelity International (FIL Limited) increased its shareholding on November 5th with an average price per share of 4.9891 Hong Kong dollars.$SCHOLAR EDU (01769.HK)$1.432 million ordinary shares, valued at approximately 7.1444 million Hong Kong dollars. After the shareholding increase, Fidelity International's latest number of shares held is 28.966 million shares, and the holding proportion has increased from 4.87% to 5.13%.
Other related parties involved in this trade are Pandanus Associates Inc. and Pandanus Partners L.P.
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.
