On October 30, according to documents disclosed by the Hong Kong Stock Exchange on October 30, Mei Hong increased her OTC holdings by an average price of HK$0.5 per share on October 26$RICI HEALTH (01526.HK)$268 million common stock shares, worth approximately HK$134 million. After increasing its holdings, the latest number of shares held by Mei Hong was 1,173 million shares, and the good position ratio rose from 56.87% to 73.74%.
This transaction involves another related party: Chelsea Grace Holdings Limited.
Additional Information: On October 26, 2023, Chelsea Grace Holdings Limited (Wholly Owned by Dr. Mei Hong) Fully-Owned by Dr. Mei Hong (Wholly Owned by Dr. Mei Hong) entered into a share purchase agreement with Renaissance Healthcare Holdings Limited, expanded to Which, among others, Chelsea Grace Holdings Limited to acquire 268,286,800 ordinary shares of Rici Healthcare Holdings Ltd. from Renaissance Healthcare Holdings Limited, subject to The conditions in the agreement and the closing, and so Chelsea Grace Holdings Limited is in such shares.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) are required to disclose their share interests in listed companies. The directors and chief executives of a listed company are required to disclose their interests in shares and debentures in the listed company and companies associated with the listed company.
Why is disclosure of interests important?
Disclosure of interests enables investors to identify (1) persons who control or have the ability to control the shares of a listed company, and (2) persons who may benefit from transactions involving associated entities of the listed company.