On April 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 18, Han Jianhong increased his holdings at an average price of HK$1.9197 per share on April 17$CHINA SANJIANG (02198.HK)$1.25 million common shares worth approximately HK$2,396 million. After increasing his holdings, Han Jianhong's latest shareholding was 552 million shares, and the good position ratio rose from 46.26% to 46.36%.
This transaction involves another related party: Guan Siyi.
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.