On January 4, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 4, Pacific Millennium Holdings Corporation increased its OTC holdings at an average price of HK$6.31 per share on December 29, 2023$PM PACKAGING (01820.HK)$5 million common shares worth approximately HK$31.55 million. After the increase in holdings, Pacific Millennium Holdings Corporation's latest shareholding was 199 million shares, and the good position ratio rose from 64.37% to 66.03%.
This transaction involves other related parties: Wenhao Choi, Star Concord Worldwide Limited, Elite Age International Limited, Elite Age International Limited, Ample Bright Management Limited, Fortune China Resources Limited, Golden Ford Investments Limited, Pacific Millennium Holdings Corporation, Tsai Wenhao, Tan Liping, Fortune China Resources Limited, Ample Bright Management Limited, Golden Ford Investments Limited, Tan Liping and Star Concord Worldwide limited.
What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company 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 interest in shares of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.