Reported on November 11th, according to the documents disclosed by the Hong Kong Stock Exchange on November 11th, Norges Bank increased its shareholding on November 7th at an average price of 30.1289 Hong Kong dollars per share.$TIMES ELECTRIC (03898.HK)$Norges Bank Investment Management increased its listed in Hong Kong shares by 0.1061 million shares, valued at approximately 3.1967 million Hong Kong dollars. After the increase, Norges Bank Investment Management's latest shareholding is 27.2213 million shares, with the good warehouse ratio rising from 4.82% to 5.02%.
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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.