On November 28, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on November 28, BlackRock, Inc. increased its shareholding on November 25 at an average price of HKD 31.9045 per share.$KINGSOFT (03888.HK)$It acquired 8.0584 million shares of common stock, worth approximately HKD 0.257 billion. After the increase, BlackRock's latest shareholding is 69.0723 million shares, with the good position ratio rising from 4.57% to 5.17%.
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.