On November 3, according to documents disclosed by the Hong Kong Stock Exchange on November 3, Li Chenghuang increased his holdings by an average price of HK$0.8 per share on October 31$SUN HUNG KAI CO (00086.HK)$The associated corporation China Medical & Healthcare Group Limited has 50,000 common shares, worth approximately HK$40,000. After increasing his holdings, Li Chenghuang's latest shareholding in the associated corporation was 556 million shares, with a good position ratio of 51.18%.
Supplementary information: Acquisition of 50,000 shares by a controlled corporation on 31 October 2023.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.