According to a report on January 7, based on documents disclosed by the Hong Kong Stock Exchange on January 7, Ping An Insurance (Group) Company Limited increased its shareholding on January 2 at an average price of HK$4.8816 per share.$ICBC (01398.HK)$0.155 billion shares of Listed in Hong Kong were purchased, worth approximately HK$0.756 billion. After the increase, Ping An Insurance (Group) Company Limited's latest number of shares held is 13.907 billion, and the shareholding ratio rose from 15.84% to 16.02%.
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.