It was reported on July 5 that according to documents disclosed by the Hong Kong Stock Exchange on July 5, Primary Group International Limited sold OTC at an average price of HK$0.0938 per share on June 30$PRIME INTEL (08379.HK)$108 million common shares with a value of approximately HK$10.134,400. After the sale, the latest number of shares held by Primary Group International Limited was 98 million shares, and the ratio of good positions dropped from 25.75% to 12.25%.
This transaction involves another related party: Ren Zicheng.
Additional information: On 19/4/2023, Delicate View Global Ltd and Primary Group International Ltd. Establishment into a sale and purchase agreement for the sale of 206,000,000 Shares of Prime Intelligence Solutions Group Ltd. Completion of Sale and Purchase of 66,000,000 and 32,000,000 Shares Arrangements Place on 12/5/2023 and 30 June 2023. However, the sale and purchase of the victims 108,000,000 will not proceed.
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.