On January 2, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 2, FIDELITY FUNDS increased its Shareholding on December 27, 2024, at an average price of HKD 4.9654 per share.$SCHOLAR EDU (01769.HK)$3.755 million ordinary shares were added, worth approximately HKD 18.6451 million. After the increase, FIDELITY FUNDS' latest number of shares held is 30.836 million, with the shareholding ratio rising from 4.79% to 5.46%.
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.