On February 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 8, Lui Tin-shun sold off the market at an average price of HK$0.02 per share on January 19$LINK HOLDINGS (08237.HK)$168 million common shares worth approximately HK$3.358 million. After the sale, Lu Tianshun's latest shareholding was 2,443 billion shares, and the good position ratio dropped from 62.34% to 58.34%.
The transaction involved other related parties: Guo Erche, Lin Yongyu, Boomerang Investment Limited, Huang Junxiong, Billion Supreme Holdings Limited, Xu Yi, and Ace Kingdom Enterprises Corporation.
Additional information: On 19 January 2024, 167,540,000 shares of Link Holdings Limited held by Ace Kingdom Enterprises Corporation were placed by the competent agent to seven independent placees at the disposal Price of HK$0.02 per share of Link Holdings 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 the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.