On December 4, according to documents disclosed by the Hong Kong Stock Exchange on December 4, Lee Hyun-yee increased his holdings by HK$2.081 per share on December 1 at an average price of HK$2.081 per share$XY ELEC STORAGE (08328.HK)$80,000 common stock shares, worth approximately HK$166,500. After increasing his holdings, Lee Hyeon-yi's latest shareholding was 577 million shares, with a good position ratio of 73.43%.
The transaction involved other related parties: Dong Shizhi, Shi Nengshi, Li Qinghuai, Wu Yinhe, Li Wenyan, Dong Qingbo, Li Qingliang, Li Shengdian, Shi Danhong, and Dong Qingshi.
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.