On June 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 26, Zou Liang increased his holdings at an average price of 9.2225 US dollars per share on June 21$AGTECH HOLDINGS (08279.HK)$Alibaba Group Holding Limited 608 shares of the associated corporation are worth approximately US$5,607.28. After increasing his holdings, Zou Liang's latest shareholding number of shares in the joint corporation was 16,200 shares, and the good position ratio was 0.00%.
Additional information: Boxes 30- 38: On Jul 30, 2019, ordinary shares in AGH were subdivided on a 1:8 basis. Shares in AGH are being traded in the form of American Depository Shares (“ADSSs”), which are generally considered 8 ordinary shares per ADS. One Restricted Share Unit (“RSU”) of AGH introduces one ADS of AGH. The numbers in Boxes 30-38 have been adjusted on a 1:8 basis adjusted. Box 33: code 2501 introduced the RSus collected by AGH.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.