It was reported on January 9 that according to documents disclosed by the Hong Kong Stock Exchange on January 9, CMB International Asset Management Limited was sold at an average price of HK$8.5767 per share on January 3$Aquila Acquisition Corporation (07836.HK)$882,200 common shares worth approximately HK$7.56,500. After the sale, CMB International Asset Management Limited's latest shareholding was 19.025 million shares, and the good position ratio dropped from 19.89% to 19.01%.
The transaction involved other related parties: CMB International Capital Corporation Limited, CMB International Capital Holdings Corporation Limited, and China Merchants Bank Co., Limited.
Additional Information: Box 6: Relevant Class of Shares is Class A Shares. Box 17: the reduction is due to surrender of Promoter Warrants for no consideration on 31/12/2022 and sale of Class A shares by a fund managed by CMBIAML holding securities on benefits of Independent third parties on 29/11/2023 and 3/1/2024. Box 21: the unlisted derivatives are Promoter Warrants. Box 22: CMBIAML is the investment manager of Series B SPC. CMB Int'l Private Investment Ltd holds management shares (with voting rights) of Series B SPC.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.