It was reported on December 28 that according to documents disclosed by the Hong Kong Stock Exchange on December 28, SB Asia Investment Fund II L.P. sold at an average price of HK$0.6941 per share on December 20$RISECOMM GP (01679.HK)$1,935,000 common shares worth approximately HK$1,343,300. After the sale, SB Asia Investment Fund II L.P.'s latest shareholding was 17.791 million shares, and the good position ratio dropped from 7.72% to 6.96%.
This transaction involves other related parties: SAIF Partners II LP, Yan Yan, SAIF II GP LP and SAIF II GP Capital Ltd.
Additional Information: Box 26: Mr. Andrew Y YAN has an indirect control over SB Asia Investment Fund II L.P.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company 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 interest in shares of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.