On December 11, according to documents disclosed by the Hong Kong Stock Exchange on December 11, Wu Yinhe increased his holdings by an average price of HK$2.1 per share on December 8$XY ELEC STORAGE (08328.HK)$56,000 common stock shares, worth approximately HK$117,600. After increasing his holdings, Wu Yinhe's latest shareholding was 577 million shares, and the good position ratio rose from 73.52% to 73.53%.
This transaction involves another related party: Dong Qingshi.
What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) are required to disclose their share interests in listed companies. The directors and chief executives of a listed company are required to disclose their interests in shares and debentures in the listed company and companies associated with the listed company.
Why is disclosure of interests important?
Disclosure of interests enables investors to identify (1) persons who control or have the ability to control the shares of a listed company, and (2) persons who may benefit from transactions involving associated entities of the listed company.