On June 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 18, UBS Group AG (UBS Group AG) increased its holdings at an average price of HK$66.1198 per unit on June 12$Hang Seng H-Share Index ETF (02828.HK)$5026,700 fund units worth approximately HK$332 million. After the increase in holdings, UBS's latest holdings were 21.114 million fund units, and the ratio of good positions increased from 4.35% to 5.71%.
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.