On November 15, it was reported that, according to documents disclosed by the Hong Kong Stock Exchange on November 15, Shougang Group Co., Ltd. increased its shareholding in the over-the-counter market at an average price of HKD 2.6 per share on November 13.$SHOUGANG RES (00639.HK)$56.525 million ordinary shares were acquired, valued at approximately HKD 0.147 billion. After the increase, the latest number of shares held by Shougang Group Co., Ltd. is 0.92 billion shares, with the shareholding ratio rising from 17.52% to 18.07%.
Supplementary Information: Reference is made to the allotment results announcement dated November 12, 2024, of the listed corporation regarding the rights issue. A total of 56,524,984 shares were allotted to Shougang Group Co., Ltd. via its wholly-owned subsidiaries.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.