On May 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 20, DTX Health Limited sold at an average price of HK$2.6951 per share on May 14$MEDSCI (02415.HK)$564,300 common shares worth approximately HK$1,5207 million. After the sale, DTX Health Limited's latest shareholding was 141 million shares, and the good position ratio dropped from 23.30% to 23.21%.
This transaction involves other related parties: Zhang Fabao and Li Xinmei.
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.