It was reported on April 15 that according to documents disclosed by the Hong Kong Stock Exchange on April 15, Ole Qiang sold off the market on April 9 at an average price of $11.8412 per share$BEIGENE (06160.HK)$145,600 common shares worth approximately US$1,7241,000. After the sale, Oleqiang's latest shareholding was 74.733,400 shares, and the good position ratio dropped from 5.51% to 5.50%.
Additional information: An entity connected to the reporting person sold 11,200 American Depositary Shares (145,600 ordinary shares). The sale was effective proposed to a Rule 10b5-1 trading plan under US Securities Law Enforcement on December 12, 2023.Further information on Box 28 above: the interest in 145,600 ordinary shares derives from American Depositary Shares of BeiGene, Ltd.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.