According to a report on November 5, based on the document disclosed by the Hong Kong Stock Exchange on November 5, Qingdao Guoxin Industrial-Financial Holdings (Group) Co., Ltd. purchased$BQD (03866.HK)$49,987,500 H-shares at an average price of RMB 3.9391 per share, with a total value of approximately RMB 197 million. After the purchase, the total number of shares held by Qingdao Guoxin Industrial-Financial Holdings (Group) Co., Ltd. reached 352 million shares, and its long position increased from 13.17% to 15.35%.
This transaction involves other related parties: Qingdao Guoxin Development (Group) Co., Ltd.
What is equity disclosure?
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.
