On January 30, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 30, Mansion Green Holdings Limited was sold off the market at an average price of HK$0.0833 per share on January 24$FINELAND LIVING (09978.HK)$54 million common shares worth approximately HK$4.4982 million. After the sale, Mansion Green Holdings Limited's latest shareholding was 97.2 million shares, and the good position ratio dropped from 37.80% to 24.30%.
This transaction involves other related parties: Widethrive Investments Limited and Stand Smooth Group Limited.
Additional information: On 24 Jan 2024, a share transfer agreement was proposed into with Huiyu Investment, proposed to which, among other things, the Mansion Green transfers to transfer 13.5% in the shares of Finland Living Services Group Limited and 1.5% savings in the Shares from Mr. Fong Ming, to Huiyu Investment. Refer to mentioned earlier 24 Jan 2024 for details.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.