Reported on November 28th, according to the documents disclosed by the Hong Kong Stock Exchange on November 28th, China Merchants Group Limited increased its shareholding on November 25th at an average price of 5.1 yuan per share (RMB, same below).$SINOTRANS (00598.HK)$Purchasing a total of 1.9591 million shares of A-shares, valued at approximately 9.9914 million yuan. After the shareholding increase, the latest shareholding of China Merchants Group Limited amounts to 4.1 billion shares, with the warehouse ratio increasing from 77.97% to 78.01%.
Supplementary information: The reporting person's equity ratio in the A-shares of the listed legal person increased, because the reporting person's wholly-owned subsidiary, Sinotrans Limited, increased its shareholding in the A-shares of the listed legal person through the Shanghai Stock Exchange trading system.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.