It was reported on June 28 that according to documents disclosed by the Hong Kong Stock Exchange on June 28, FIDELITY CHINA SPECIAL ALTERS PLC sold at an average price of HK$0.1958 per share on June 23$WONDERFUL SKY (01260.HK)$5.11 million common shares with a value of approximately HK$1.05 million. After the sale, the latest number of shares held by FIDELITY CHINA Special Holding PLC was 56.842 million shares, and the ratio of good positions dropped from 5.38% to 4.94%.
The transaction involves other related parties: Pandanus Partners L.P., Pandanus Associates Inc., and FIL Limited.
Additional Information: Called to have a notiest interest due to cause of share (s)
What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies 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.