On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, Morgan Stanley increased its shareholding on December 10 at an average price of HKD 33.7217 per share.$SF HOLDING (06936.HK)$0.366 million shares of Listed in Hong Kong stock, valued at approximately HKD 12.3421 million. After the increase, Morgan Stanley's latest number of shares held is 11.9225 million, and the shareholding ratio has risen from 6.79% to 7.01%.
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.