On April 5, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 5, Huang Jiaojiao sold at an average price of 9.1,343 US dollars per share on April 2$ALI HEALTH (00241.HK)$Alibaba Group Holding Limited's associated corporation has 23,900 shares worth approximately US$2181,000. After the sale, Huang Jiaojiao's latest shareholding number of shares in the associated corporation was 231,000 shares, with a good position ratio of 0.00%.
Additional Information: Boxes 30 - 34: Restricted share units provided by Alibaba Group Holding Limited (“AGH”). On July 30, 2019, ordinary shares in AGH were subdivided on a 1:8 basis. Shares in AGH are being traded in the form of ADSs, which usually affects 8 ordinary shares per ADS. The actual highest price and average price per ADS on the exchange are USD73.07432, and the prices per share in Box 30 have been assessed by estimated USD73.07432 by 8.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.