On March 15, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 15, Shanghai Tianyi Assets Management Co., Ltd 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, Shanghai Tianyi Assets Management Co., Ltd.'s latest shareholding was 22.854,300 shares, and the good position ratio dropped from 6.72% to 5.06%.
Additional information: Shanghai Tianyi Assets Management Co., Ltd is owned as 70% and 30% by Mr. Yu Rong and Shanghai Tianyi Industrial Holding Group Company Limited (being a company owned controlled) by Mr. Yu Rong), sorry.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.