On April 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 24, Qian Xueming increased his holdings at an average price of HK$1.7 per share on April 19$TRANSCENTA-B (06628.HK)$2,000 common shares worth approximately HK$3,400. After increasing his holdings, Qian Xueming's latest shareholding was 36.537 million shares, with a good position ratio of 8.37%.
Additional Information: Box 28: Combinations (i) 400,000 Shares proposed options under the Share Incentive Scheme on 19 December 2022; (ii) 4,277,188 Shares to be issued upon vesting of share awards suggestions under the Share Incentive Scheme on 26 January 2023; and (iii) 3,641,024 Shares to be subscribed upon full exercise of options.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.