On March 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 12, the People's Government of Yancheng City increased its shareholding in the over-the-counter market at an average price of HKD 0.48 per share on March 11.$DAFENG PORT (08310.HK)$18.61 million shares of common stock were purchased, valued at approximately HKD 8.9328 million. After the shareholding increase, the latest number of shares held by the People's Government of Yancheng City is 0.962 billion shares, with the good warehouse ratio rising from 73.27% to 74.71%.
This Trade involves Other related parties: Jiangsu Yancheng Port Holdings Group Co., Ltd.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more) must disclose their shareholding interests in listed companies. Directors and senior executives of the listed companies must disclose their share and bond interests in the listed company and its associated companies.
Why is equity disclosure important?
Disclosure of equity can help investors identify (1) individuals who control or have the ability to control the equity interests of the listed company, and (2) individuals who may benefit from transactions involving related entities of the listed company.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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