On May 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 8, He Guangqi increased his holdings at an average price of HK$1.5846 per share on April 15$XIABUXIABU (00520.HK)$2.5 million common shares worth approximately HK$3.9615 million. After the increase in holdings, the latest number of shares held by He Guangqi was 414 million shares, and the good position ratio increased from 37.91% to 38.14%.
This transaction involves another related party: Chen Suying.
Additional information: Box 28: The category of derivatives is restricted share units. Boxes 25, 26 and 27 are recommendedWhat 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.