On December 16, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 16, Great Wall Life Insurance Co., Ltd. increased its shareholding on December 12 at an average price of HKD 3.5157 per share.$DYNAGREEN ENV (01330.HK)$It acquired 0.8 million H shares, worth approximately HKD 2.8126 million. After the increase, the total number of shares held by Great Wall Life Insurance Co., Ltd. is 0.117 billion shares, with the good warehouse ratio rising from 28.81% to 29.01%.
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.