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.
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