On March 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 22, CMB Financial Holdings (Shenzhen) Limited was sold at an average price of HK$11.9085 per share on October 11, 2023$AIM VACCINE (06660.HK)$829,000 H shares worth approximately HK$9.8721 million. After the sale, the latest number of shares held by CMB Financial Holdings (Shenzhen) Co., Ltd. was 29.031 million shares, and the good position ratio dropped from 6.07% to 5.90%.
This transaction involves other related parties: CMB International Financial Holdings Limited, CMB International Capital Management (Shenzhen) Co., Ltd., and China Merchants Bank Co., Ltd.
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.