On March 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 22, Norifumi Someya increased its holdings at an average price of 3813.0 yen per share on March 12$TAM JAI INTL (02217.HK)$The associated corporation Toridoll Holdings Corporation's 100 shares are worth approximately 381,300 yen. After the increase in holdings, Norifumi Someya's latest shareholding number of shares in the associated corporation was 100 shares, with a good position ratio of 0.00%.
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.