On January 25, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 25, Tianyi (BVI) Limited was sold at an average price of HK$4.0 per share on December 20, 2023$SINOHEALTH HLDG (02361.HK)$7.505 million common shares worth approximately HK$30.02 million. After the sale, Tianyi (BVI) Limited's latest shareholding was 16.236 million shares, and the good position ratio dropped from 5.25% to 3.59%.
This transaction involves another related party: Yu Rong.
Additional information: Box 17: On 20 December 2023, Tianyi (BVI) Limited completed a sale of 7,500,500 shares of the issuer and considered to have at least 5% interest in the issuer.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 the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.