newcryptogames| Xu Jun sold 150 million ordinary shares of Tongjing New Energy (08326.HK), worth approximately HK$15 million
editor 2024-05-16 17:26:10 Finance 22
Reported on May 16newcryptogamesAccording to documents disclosed by the Hong Kong Stock Exchange on May 16, Xu Jun sold an average price of 0 per share on May 14.newcryptogames. 1 HK $sold $150 million ordinary shares of Tongjing New Energy (08326.HK), worth approximately 1newcryptogames, 5 million Hong Kong dollars. After the sale, Xu Jun's latest shareholding was 0 shares, and the ratio of long positions dropped from 18.34% to 0.00%.
What is disclosure of interestsnewcryptogames?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) must disclose their interests in shares of listed companies. Directors and chief executives of a listed company must disclose their interests in shares and debentures of the listed company and companies associated with the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or have the ability to control interests in shares of a listed company and (2) persons who may benefit from transactions involving associated entities of the listed company.