On December 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 17, Fidelity International (Pandanus Associates Inc.) increased its Shareholding on December 12 at an average price of 5.05 HKD per share.$SCHOLAR EDU (01769.HK)$They acquired 5.976 million common shares, worth about 30.1788 million HKD. After the increase, Fidelity International's latest number of shares held is 44.327 million shares, and the good warehouse ratio rose from 6.79% to 7.85%.
This trade involves other related parties: FIL Limited and Pandanus Partners L.P.
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.
