On April 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 9, Liu Peng sold at an average price of 9.1,342 US dollars per share on April 2$SUNART RETAIL (06808.HK)$Alibaba Group Holding Limited, an associated corporation, has 38,900 common shares worth approximately US$355,700. After the sale, Liu Peng's latest shareholding in the associated corporation was 299,300 shares, with a good position ratio of 0.00%.
Additional information: The prices calculated in Box 30 have been adjusted on the basis that every 1 American depositary share (“ADS”) of Alibaba Group Holding Limited (“AGH”) obtained 8 ordinary shares of AGH. The actual highest and average price traded on Exchange for the relevant event were USD73.0743 per ADS.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.