On December 20, according to documents disclosed by the Hong Kong Stock Exchange on December 20, Chen Long increased his OTC holdings by HK$0.1812 per share on November 20 at an average price of HK$0.1812 per share$ARTINI HLDG (00789.HK)$573,100 common stock shares, worth approximately HK$103,900. After increasing his holdings, Chen Long's latest shareholding was 709 million shares, and the good position ratio rose from 64.13% to 64.19%.
The transaction involves other related parties: Lin Chenjie and Fuxing Investment Development (Shenzhen) Co., Ltd.
Supplementary information: Rapid Development Limited (the “Offer”) is a company owned by a company to 70% by Mr. Chen Long, 29% by Ms. Lin Chenjie (wife of Mr. Chen Long) received valid recommendations of 573,128 Offer Shares of Artini Holdings Limited (the “ListCo”) by the relevant date. FOR DETAIL, PLEASE REFER TO THE PREFERRED OF THE LISTCO PREFERRED 20 NOVEMBER 2023 PREFERRED BY THE LISTCO AND THE OFFEROR.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.