It was reported on January 31 that according to documents disclosed by the Hong Kong Stock Exchange on January 31, Yu Tingxi sold off the market on January 26 at an average price of HK$1920.5741 per share$WINNING TOWER (08362.HK)$The associated corporation Keyview Ventures Limited has 5,407 common shares worth approximately HK$10.384,500. After the sale, Yu Tingxi's latest shareholding number of shares in the associated corporation was 0 shares, and the good position ratio dropped from 19.02% to 0.00%.
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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.