On July 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on July 22, Shandong Energy Group Co., Ltd. increased its holdings at an average price of HK$10.3542 per share on July 17$YANKUANG ENERGY (01171.HK)$4.906 million H shares worth approximately HK$50.7977 million. After the increase in holdings, the latest number of shares held by Shandong Energy Group Co., Ltd. was 0.694 billion shares, and the good position ratio increased from 21.98% to 22.13%.
Additional information: Shandong Energy increased its H share holdings in Liangguang Energy according to the shareholding increase plan. For details, please refer to the announcement of Liangguang Energy dated November 29, 2023.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.