It was reported on July 14 that according to documents disclosed by the Hong Kong Stock Exchange on July 14, Zhang Xuguang sold at an average price of HK$0.22 per share on July 12$SHENGHUA LANDE (08106.HK)$20.32 million H-shares with a value of approximately HK$4.474,400. After the sale, Zhang Xuguang's latest shareholding amount was 0 shares, and the ratio of good positions dropped from 7.75% to 0.00%.
This transaction involves another related party: He Yan.
Additional information: Mr. Zhang Xuguang sold all of his shares in Shenghua Rand (stock code: 08106) through a trading system on July 12, 2023, totaling 20.32 million H shares. He did not hold such shares after the transaction.
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.