On June 21, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 21, Zhou Zhiwen sold at an average price of 44.97 yuan per share (RMB, same unit) on June 19$JOINN (06127.HK)$There are 733,300 A-shares worth about RMB 32.969 million. After the sale, Zhou Zhiwen's latest number of shares held was 174 million shares, and the ratio of good positions dropped from 38.78% to 38.62%.
The transaction involved another related party: Feng Yuxia.
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.