On April 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 24, Lou Jing increased his holdings at an average price of HK$7.6365 per share on July 21, 2023$3SBIO (01530.HK)$982,400 common shares worth approximately HK$7.502 million. After the increase in holdings, Lou Jing's latest shareholding was 528 million shares, and the good position ratio increased from 21.63% to 21.67%.
Additional Information: Dr. Lou Jing is an enforcer and a benefit of an unnamed discretionary trust.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.