On March 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 12, Jane Chi-kin sold off the market at an average price of HK$0.43 per share on March 11$CHINA HK POWER (00931.HK)$2.54 million common shares worth approximately HK$1.092 million. After the sale, Jian Zhijian's latest shareholding was 3,331 billion shares, and the good position ratio dropped from 55.78% to 55.74%.
Additional Information: Submissions to DA20240311E00264, for Contributions of SharesWhat 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.