It was reported on August 17 that according to documents disclosed by the Hong Kong Stock Exchange on August 17, Morten Rosholm Henriksen sold OTC at an average price of HK$12389.3805 per share on August 17$GROWN UP GROUP (01842.HK)$The joint corporation GP Group Investment Holding Limited has 1,130 shares worth approximately HK$14 million. After the sale, Morten Rosholm Henriksen's latest shareholding amount of the associated corporation was 0 shares, and the ratio of good positions dropped from 11.30% to 0.00%.
Additional information: Rosholm Holding ApS is owned by Morten Rosholm Henriksen. On 1 August 2023, Berg Group Holding Limited and Rosholm Holding ApS Holding ApS into a Sale and Purchase Agreement, in Which Berg Group Holding Limited Investments to Purchase 1,130 Shares of GP Group Investment Holding Limited from Rosholm Holding ApS. The transaction was completed on 17 August 2023, and Rosholm Holding ApS cunning to hold any interest in GP Group Investment Holding Limited.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.