On May 21, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 21, Xu Yixuan sold at an average price of HK$18.929 per share on May 16$C&D PROPERTY (02156.HK)$The associated corporation C&D International Investment Group Limited has 2.5 million common shares worth approximately HK$47.325 million. After the sale, Xu Yixuan's latest shareholding in the associated corporation was 2.294 million shares, with a good position ratio of 0.12%.
Additional information: On May 16, 2024, the ZHH Trust completed the sale of 2,500,000 shares of C&D International; Mr. Xu Yixuan was deemed to have an interest in 2,290,433 C&D International shares through the methods described in columns 33 and 38.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.