According to reports on November 16, according to documents disclosed by the Hong Kong Stock Exchange on November 16, CENTURY ACQUISITION LIMITED increased its OTC holdings by an average price of HK$9.15 per share on November 14 at an average price of HK$9.15 per share$NWS HOLDINGS (00659.HK)$67.7823 million common shares, valued at approximately HK$620 million. After increasing its holdings, the latest number of shares held by CENTURY ACQUISITION LIMITED was 2,795 million shares, and the good position ratio rose from 69.71% to 71.44%.
This transaction involves other related parties: CHENG YU TUNG FAMILY (HOLDINGS) LIMITED, CHENG YU TUNG FAMILY (HOLDINGS II) LIMITED, CHOW TAI ?$#@$ (HOLDINGS) LIMITED, CHOW TAI ?$#@$ ENTERPRISES LIMITED, and CHOW TAI ?$#@$ CAPITAL LIMITED.
Supplementary information: As Familiar in the Begins 9 Nov 2023 of Chow Tai ?$#@$ Enterprises Ltd., Century Acquisition Ltd (CAL) and NWS Holdings Ltd., the NWS Offers were unconditional in all Presents on 9 Nov 2023. All Shares Validly Tendered for Sale Under the NWS Share Offer Will Be Undertaken to CAL. CAL received valid acceptance of the NWS share offer in respect of 67,782,293 shares on 14 Nov 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.