Reported on November 15th, according to the documents disclosed by the Hong Kong Stock Exchange on November 15th, China Life Insurance Company Limited increased its shareholding on November 15th at an average price of HK$6.4142 per share.$SHENZHEN INT'L (00152.HK)$0.5 million ordinary shares, valued at approximately HK$3.2071 million. After the increase, the latest number of shares held by China Life Insurance Company Limited is 0.121 billion shares, and the stake ratio has increased from 4.98% to 5.00%.
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.