According to a report on November 4, based on the document disclosed by the Hong Kong Stock Exchange on November 4, Glory Century Limited increased its holdings by purchasing 48 million ordinary shares at an average price of HK$0.1046 per share on October 28.$ACESO LIFE SCI (00474.HK)$The value of this transaction was approximately HK$5.0208 million. After the increase in holdings, Glory Century Limited's total number of shares held now stands at 403 million, with its long position ratio rising from 4.81% to 5.46%.
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In accordance with the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) must disclose their equity interests in listed companies. Directors and senior administrative personnel of listed companies are required to disclose their equity and debt securities interests in the listed company and its related entities.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control equity interests in listed companies, and (2) individuals who may benefit from transactions involving entities related to the listed company.
