According to the documents disclosed by the Hong Kong Stock Exchange on November 15, it was reported that Efangda Fund Management Co., Ltd. increased its shareholding on November 11 at an average price of HKD 6.6752 per share.$DONGYUE GROUP (00189.HK)$2.877 million shares of H shares were valued at approximately HKD 19.2046 million. After the increase, the latest number of shares held by Efangda Fund Management Co., Ltd. is 0.106 billion shares, with the proportion of good shares rising from 5.97% to 6.13%.
Supplementary information: E Fund Management Co., Ltd. ceased to have a notifiable interest in the shares.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.