On January 11, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 11, 2022, Xia Zehong sold at an average price of HK$2.2 per share on March 11, 2022$GRAND TALENTS (08516.HK)$2.5 million common shares worth approximately HK$5.5 million. After the sale, Xia Zehong's latest shareholding was 14.711,900 shares, and the good position ratio dropped from 15.07% to 12.88%.
The transaction involved other related parties: Ye Chu-shing, Lee Ming-ho, and Chung Ching-yan.
Additional Information: Pressed box 24-27What 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.