On May 21, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 21, Yuan Siong Lee increased his holdings at an average price of HK$62.6618 per share on May 16$AIA (01299.HK)$200 common shares worth approximately HK$12,500. After the increase in holdings, Yuan Siong Lee's latest shareholding was 8.424,400 shares, with a good position ratio of 0.07%.
Supplementary information: Director's Monthly Purchase of Shares of AIA Group Limited (the “Company”) on Market Through the Scheme Trustee Showed to His Purchase in the Company's Employee Share Purchase Plan.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.