On June 14, according to documents disclosed by the Hong Kong Stock Exchange on June 14, Schroders PLC increased its shareholding on June 12 with an average price of HK$24.0525 per share. $SAMSONITE (01910.HK)$Schroders PLC bought 1,233,600 ordinary shares at a value of approximately HK$29,671,200. After the increase, the latest shareholding of Schroders Investment was 88,060,400 shares, and the warehouse ratio increased from 5.94% to 6.02%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.