It was reported on August 9 that according to documents disclosed by the Hong Kong Stock Exchange on August 9, Ho Yan sold OTC on July 28 at an average price of 0.22 yuan (RMB, same unit below)$SHENGHUA LANDE (08106.HK)$20.32 million domestic shares with a value of approximately RMB 4.474,400. After the sale, Ho Yan's latest shareholding amount was 0 shares, and the ratio of good positions dropped from 8.31% to 0.00%.
Additional information: Mr. Zhang Xuguang, the spouse of Mr. He Yan, received a transfer registration certificate from China Securities Registration and Settlement Co., Ltd. on August 8, 2023. The transaction for the sale of all of his domestic shares of Shenghua Land (stock code: 08106) (total 20.32 million shares) completed the transfer on July 28, 2023, and he no longer holds such shares.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.