It was reported on March 22 that according to documents disclosed by the Hong Kong Stock Exchange on March 22, Prime Sage International Limited was sold at an average price of HK$0.54 per share on March 21$CLARITY MEDICAL (01406.HK)$5.577,500 common shares worth approximately HK$3,0119 million. After the sale, Prime Sage International Limited's latest shareholding was 84.7846 million shares, and the good position ratio dropped from 17.11% to 16.05%.
This transaction involves other related parties: TMF (Cayman) Ltd., Ultimate Bliss Limited, Xie Weiye, and Xie Weiye.
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.