On December 31, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 31, Great Wall Life Insurance Co., Ltd. increased its Shareholding on December 23 at an average price of HK$1.9594 per share.$QHD PORT (03369.HK)$It acquired 0.62 million H-shares, valued at approximately HK$1.2148 million. After the Shareholding increase, Great Wall Life Insurance Co., Ltd.'s latest number of shares held is 0.191 billion shares, with the good warehouse ratio rising from 22.99% to 23.06%.
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.