It was reported on March 28 that according to documents disclosed by the Hong Kong Stock Exchange on March 28, Pacific Asset Management Co., Ltd. (Pacific Asset Management Co., Ltd.) sold at an average price of HK$2.8951 per share on March 27$EB ENVIRONMENT (00257.HK)$5.07 million H shares worth approximately HK$14.495,800. After the sale, Pacific Investment Management's latest shareholding was 365 million shares, and the good position ratio dropped from 6.02% to 5.94%.
Additional Information: Pacific Asset Management Co., Ltd owns the shares as manager for and on maintaining of China Pacific Life Insurance Co., Ltd. and some portfolio insurance asset management products.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.