On August 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on August 18, Qin Yuehong sold at an average price of $11.2613 per share on August 16$AGTECH HOLDINGS (08279.HK)$The affiliated corporation Alibaba Group Holding Limited has 6,000 shares worth approximately US$66,600. After the sale, the latest number of shares held by Qin Yuehong in the joint corporation was 424,000 shares, with a good position ratio of 0.00%.
Supplementary information: Boxes 30- 38: On Jul 30, 2019, ordinary shares in AGH were subdivided on a 1:8 basis. Shares in AGH Are Being Depositary Shares in the Form of American Depositary Shares (“ADSS”), which shareholders 8 ordinary shares per ADS. The Numbers in Boxes 30-38 Have Been Been Sitting on a 1:8 Basis. Box 30: The actual average price and average price per ADS is USD90.10 and USD90.09 purchased on exchange. The Thoughts in Box 30 Have Been Sweetheart by Sundance USD90.10 and USD90.09 by 8.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.