It was reported on March 22 that according to documents disclosed by the Hong Kong Stock Exchange on March 22, Takeshi Tomitani increased his holdings at an average price of 3554.0 yen per share on March 19$TAM JAI INTL (02217.HK)$The associated corporation Toridoll Holdings Corporation's 100 shares are worth approximately 355,400 yen. After the increase in holdings, Takeshi Tomitani's latest shareholding number of shares in the associated corporation was 400 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.