It was reported on May 24 that according to documents disclosed by the Hong Kong Stock Exchange on May 24, Zhang Yuan increased his OTC holdings at an average price of US$0.788 per share on May 22$J&T EXPRESS-W (01519.HK)$4.119,600 other shares worth approximately US$3.2462 million. After the increase in holdings, Zhang Yuan's latest shareholding was 332 million shares, and the good position ratio increased from 4.18% to 4.24%.
Additional information: Class of shares is Class B ordinary shares.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.