On December 5, according to documents disclosed by the Hong Kong Stock Exchange on December 5, Dengxing Fang sold OTC on April 6 at an average price of HK$0.17 per share$CCIAM FUTURE EN (00145.HK)$106 million common shares, worth approximately HK$17.9886 million. After the sale, the latest number of shares held by Dengxing Fang was 8 shares, and the good position ratio dropped from 11.20% to 0.00%.
Supplementary information: Revision of the form presented from IS20231204E00040 with the updated informationWhat 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.