On December 30, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 30, CITIC Securities Company Limited increased its Shareholding on December 23 at an average price of 21.6569 HKD per share.$SINOPHARM (01099.HK)$They acquired 0.2312 million H shares, worth approximately 5.0071 million HKD. After the increase, CITIC Securities Company Limited's latest number of shares held was 0.121 billion shares, with the good warehouse ratio rising from 8.99% to 9.00%.
Additional information: The equity is held by citic sec asset management company on behalf of all the asset management plans it manages, disclosing the shares of sinopharm holdings limited - H share equity.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.