On May 3, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 3, Wu Yonghua increased his holdings at an average price of US$15.0948 per share on April 26$ANTA SPORTS (02020.HK)$The associated corporation Amer Sports, Inc. has 4171,000 shares worth approximately US$6.295,900. After the increase in holdings, Wu Yonghua's latest shareholding number of shares in the associated corporation was 536,800 shares, and the good position ratio increased from 0.02% to 0.11%.
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.