On January 16, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 16, Chongbo Mary Investment Limited increased its holdings on January 11 with an average price of HK$0.1,435 per share on the market and HK$0.1,435 per share outside the market$CH GOLD CLASSIC (08281.HK)$18 million common shares worth approximately HK$2,583 million. After the increase in holdings, Chongbo Mary Investment Limited's latest shareholding was 594 million shares, and the good position ratio rose from 57.56% to 59.36%.
This transaction involves another related party: Li Qiuyan.
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.
