On November 29th, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 29th, Great Wall Life Insurance Co., Ltd. increased its shareholding on November 28th at an average price of 1.8961 Hong Kong dollars per share.$QHD PORT (03369.HK)$1 million shares listed in hong kong were acquired, valued at approximately 1.8961 million Hong Kong dollars. After the shareholding increase, the latest number of shares held by Great Wall Life Insurance Co., Ltd. is 0.183 billion shares, with the good stock ratio rising from 21.92% to 22.04%.
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.