On May 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 24, Chen Zhaoming increased his OTC holdings by an average price of HK$2.15 per share on May 10$KANGHUA HEALTH (03689.HK)$131,000 H-shares worth approximately HK$281,700. After increasing his holdings, Chen Zhaoming recently held 105.95 million shares, and the good position ratio increased from 12.40% to 12.55%.
Additional information: This is a filing to reflect the purchase of 131,000 shares (without cross a percentage point).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.