Reported on November 29th, according to the documents disclosed by the Hong Kong Stock Exchange on November 29th, UBS Group AG increased its shareholding on November 25th at an average price of 45.3398 Hong Kong dollars per share.$WUXI APPTEC (02359.HK)$UBS Group increased its shareholding of 0.574 million H shares, worth approximately 26.025 million Hong Kong dollars. After the increase, UBS Group's latest number of shares held is 19.5597 million shares, and the shareholding percentage increased from 4.90% to 5.05%.
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.