On September 15, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 15, Garden Wealth Investment Limited was sold at an average price of HK$2.6514 per share on September 7$WINDMILL GP (01850.HK)$10.683 million common shares worth approximately HK$28.324,900. After the sale, the latest number of shares held by Garden Wealth Investment Limited was 0 shares, and the ratio of good positions dropped from 7.42% to 0.00%.
This transaction involves another related party: Lai Min-ying.
Additional information: Revision of a previouly suggested form for the number of share sold.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.