On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, China COSCO Shipping Corporation Limited increased its shareholding on December 19 at an average price of 12.28 yuan per share (RMB, same unit).$COSCO SHIP ENGY (01138.HK)$A total of 34.4462 million A shares were purchased, valued at approximately 0.423 billion yuan. After the increase, China COSCO Shipping Corporation Limited's latest shareholding amounted to 2.191 billion shares, with the shareholding ratio rising from 62.06% to 63.05%.
Supplementary information: China COSCO Shipping Corporation Limited has purchased an aggregate of 34,446,164 A shares of COSCO SHIPPING Energy Transportation Co., Ltd. from November 25, 2024, to December 19, 2024.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.