On April 27, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on April 27, Xie Weiye increased his holdings by an average price of HK$1.1879 per share on April 26$CLARITY MEDICAL (01406.HK)$496,300 common shares worth approximately HK$589,500. After the increase in holdings, Xie Weiye's latest number of shares held was 109 million shares, and the ratio of good positions rose from 20.54% to 20.63%.
The transaction involved another related party: Xie Weiye.
What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.