On December 19, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 19, Yiheng Capital Partners, L.P. increased its Shareholding at an average price of HKD 16.8 per share on May 6, 2020.$TONGDAO LIEPIN (06100.HK)$It purchased 0.9252 million shares of common stock, valued at approximately HKD 15.5434 million. After the increase, Yiheng Capital Partners, L.P.'s latest number of shares held is 42.1655 million, with the proportion of good shares rising from 7.92% to 8.10%.
The Trade involves Other related parties: Yiheng Capital Management, LLC, Yiheng Capital Management, L.P., and Guo Yuanshan.
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.
