It was reported on February 6 that, according to documents disclosed by the Hong Kong Stock Exchange on February 6, 2023, Yip Sin-min sold at an average price of HK$1.37 per share on December 21, 2023$SUPER STRONG (08262.HK)$5.44 million common shares worth approximately HK$7.452,800. After the sale, Ye Shanmin's latest shareholding was 54.56 million shares, and the good position ratio dropped from 7.54% to 6.85%.
Additional information: There was an error in the decimal point of the transaction price. The maximum price was corrected from $0.15 to $1.5 per share, and the average price was corrected from 0.137 to $1.37 per shareWhat 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.