On April 27, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 27, Gao Dapeng sold at an average price of 55.0 yuan per share (RMB, same unit below) on December 16$JOINN (06127.HK)$81,000 A-shares, worth about 4.455 million yuan. After the sale, the latest number of shares held by Gao Dapeng was 303,500 shares, and the percentage of good positions dropped from 0.09% to 0.07%.
Additional Information: The Number of Shares has changed due to the capitalization issue raised August 9, 2022.
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.