Reported on November 18, according to the documents disclosed by the Hong Kong Stock Exchange on November 18, China New Era Limited increased its shareholding on November 15 with an average price of 2.9435 Hong Kong dollars per share.$DC HOLDINGS (00861.HK)$Purchasing 11.8 million ordinary shares, valued at approximately 34.7333 million Hong Kong dollars. After the increase in shareholding, the latest number of shares held by China New Era Limited is 0.102 billion shares, and the holding ratio has increased from 5.38% to 6.08%.
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.