On January 30, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 30, Yuen Kwok-wai sold off the market at an average price of HK$0.081 per share on January 26$PRIME INTEL (08379.HK)$108 million common shares worth approximately HK$8.748 million. After the sale, Ruan Kwok-wai's latest shareholding was 0 shares, and the good position ratio dropped from 13.50% to 0.00%.
This transaction involves another related party: Yuen Mei Ling.
Additional information: On 21 December 2023, Delighting View Global Limited purchased into a sale and purchase agreement to which Delighting View Global Limited conditionalized to sell 108,000,000 shares. Completion of the sale and purchase look place on 26 January 2024.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 the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.