On April 10, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 10, China Meheco Group increased its shareholding on April 8 at an average price of HKD 1.864 per share.$TRAD CHI MED (00570.HK)$A total of 50.35 million ordinary shares were acquired, worth approximately HKD 93.8524 million. After the increase, China Meheco Group's latest number of shares held is 1.685 billion, with the ownership ratio rising from 32.46% to 33.46%.
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.
