Li Jie sold 33,300 shares of the associated corporation of Alibaba Pictures (01060.HK), worth about US$309,700

Futu News ·  Apr 17 17:04

It was reported on April 17 that according to documents disclosed by the Hong Kong Stock Exchange on April 17, Li Jie sold at an average price of 9.3457 US dollars per share on April 11$ALI PICTURES (01060.HK)$Alibaba Group Holding Limited's associated corporation has 33,300 shares worth approximately US$309,700. After the sale, Li Jie's latest shareholding in the associated corporation was 575,400 shares, with a good position ratio of 0.00%.


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.

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