On December 31, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 31, Ping An Insurance (Group) Company Limited increased its shareholding on December 27 at an average price of HKD 4.4922 per share.$PSBC (01658.HK)$15 million shares of Listed in Hong Kong were bought, valued at approximately HKD 67.383 million. After the shareholding increase, Ping An Insurance (Group) Company Limited's latest number of shares held is 0.993 billion shares, and the proportion of good holdings increased from 4.92% 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.