On November 30, according to documents disclosed by the Hong Kong Stock Exchange on November 30, Li Qingliang increased his holdings by HK$2.0958 per share on November 29 at an average price of HK$2.0958 per share$XY ELEC STORAGE (08328.HK)$576,000 common stock shares, worth approximately HK$1,2072 million. After increasing his holdings, Li Qingliang's latest number of shares was 577 million shares, and the good position ratio rose from 73.34% to 73.41%.
This transaction involves other related parties: Dong Qingbo, Wu Yinhe, Li Shengdian, Li Wenyan, Shi Nengshi, Dong Hezhi, Li Qinghuai, Dong Qingshi, Shi Danhong, and Li Xianyi.
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.