Reported on September 24th, according to documents disclosed by the Hong Kong Stock Exchange on September 24th, China Life Insurance Co., Ltd. increased their shareholding on September 23rd at an average price of 1.9993 Hong Kong dollars per share.$QHD PORT (03369.HK)$0.592 million H shares of listed in Hong Kong shares were purchased, with a total value of approximately 1.1836 million Hong Kong dollars. After the shareholding increase, China Life Insurance Co., Ltd.'s latest number of shares held is 0.15 billion shares, and the shareholding ratio has increased from 17.97% to 18.04%.
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.