On December 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 12, Heze City Investment Holdings Hong Kong International Co., Limited increased its Shareholding in the over-the-counter market at an average price of HKD 2.45 per share on November 14.$WEIHAI BANK (09677.HK)$74.235 million Listed in Hong Kong shares, valued at approximately HKD 0.182 billion. After the increase, Heze City Investment Holdings Hong Kong International Co., Limited's latest number of shares held is 0.14 billion shares, and the good position ratio rose from 6.48% to 13.84%.
This Trade involves Other related parties: Heze City Investment Holding Group Co., Ltd.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company conducted a share placement and increase in share capital, resulting in the dilution of the active party's shareholding proportion.
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 shares) must disclose their shareholding interests in listed companies. The Directors and senior executives of listed companies must disclose their share and debenture interests in both the listed company and its affiliated 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.
