On December 4, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 4, Ruizhong Life Insurance Co., Ltd. increased its shareholding on November 29 at an average price of HKD 6.4156 per share.$CHINA LONGYUAN (00916.HK)$A total of 3.245 million shares listed in hong kong were purchased, worth approximately HKD 20.8186 million. After the increase, the latest shareholding number of Ruizhong Life Insurance Co., Ltd. is 0.467 billion shares, with the good shareholding ratio rising from 13.99% to 14.09%.
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.