On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, Fidelity International (FIL Limited) increased its shareholding on December 10 at an average price of HKD 15.3375 per share.$YIHAI INTL (01579.HK)$1.439 million ordinary shares were acquired, valued at approximately HKD 22.0707 million. After the increase, Fidelity International's latest shareholding amounts to 52.255 million shares, with the good position ratio rising from 4.90% to 5.04%.
Other related parties involved in this transaction include Pandanus Partners L.P. and Pandanus Associates Inc.
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.
