It was reported on April 18 that, according to documents disclosed by the Hong Kong Stock Exchange on April 18, Sure Capital Holdings Limited increased its holdings at an average price of HK$1.9269 per share on April 15$CHINA SANJIANG (02198.HK)$1 million common shares worth approximately HK$1,926,900. After the increase in holdings, Sure Capital Holdings Limited's latest shareholding was 524 million shares, and the good position ratio increased from 43.93% to 44.00%.
This transaction involves other related parties: Yihao Development Limited, Han Jianhong, and Guan Siyi.
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.