It was reported on March 18 that according to documents disclosed by the Hong Kong Stock Exchange on March 18, FRESH CHOICE HOLDINGS LIMITED sold at an average price of HK$0.95 per share on March 15$PERFECTECH INTL (00765.HK)$5.25 million common shares worth approximately HK$4.9875 million. After the sale, FRESH CHOICE HOLDINGS LIMITED's latest shareholding was 63.808 million shares, and the good position ratio dropped from 21.12% to 19.52%.
This transaction involves another related party: Gao Xiaorui.
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.