Reported on October 29th, according to the document disclosed by the Hong Kong Stock Exchange on October 29th, Changcheng Life Insurance Co., Ltd. increased its shareholding on October 25th with an average price of 2.3593 Hong Kong dollars per share.$DATANG RENEW (01798.HK)$5 million H shares of shares, valued at approximately 11.7965 million Hong Kong dollars. After the shareholding, Changcheng Life Insurance Co., Ltd.'s latest number of shares held is 0.201 billion shares, and the holding ratio has increased from 7.84% to 8.03%.
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.