On December 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 20, Ping An Insurance (Group) Company Limited increased its shareholding on December 18 at an average price of HKD 6.3055 per share.$CCB (00939.HK)$67.7031 million shares of H shares were valued at approximately HKD 0.427 billion. After the increase in shareholding, Ping An Insurance (Group) Company Limited's latest number of shares held is 12.039 billion, with the proportion of good positions rising from 4.97% to 5.00%.
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.