On April 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 18, Singapore Government Investment Corporation (GIC Private Limited) sold at an average price of HK$4.3105 per share on April 15$CHINA TELECOM (00728.HK)$15.248 million H shares worth approximately HK$657.26,500. After the sale, the latest number of shares held by the Singapore Government Investment Corporation was 688 million shares, and the good position ratio dropped from 5.07% to 4.96%.
Additional Information: Cemetery to have a notiest interest in The Fever Corporation due to sale of shares.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.