On November 1, according to documents disclosed by the Hong Kong Stock Exchange on November 1, Luo Xurui increased her holdings by an average price of HK$6.3963 per share on October 26$Regal Real Estate Investment Trust (01881.HK)$The associated corporation Cosmopolitan International Holdings Limited has 100,000 common shares, worth about HK$639,600. After increasing his holdings, Luo Xurui's latest shareholding in the associated corporation was 817 million shares, and the good position ratio rose from 127.75% to 127.77%.
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.