It was reported on March 26 that according to documents disclosed by the Hong Kong Stock Exchange on March 26, Lin Weiguo increased his holdings at an average price of HK$12.852 per share on March 22$C&D INTL GROUP (01908.HK)$661,000 common shares worth approximately HK$8.4952 million. After the increase in holdings, Lin Weiguo's latest shareholding was 349.903 million shares, and the good position ratio increased from 1.81% to 1.85%.
The transaction involved other related parties: Peng Yong, Tian Meitan, and Zhao Chengmin.
Additional information: On March 22, 2024, Diamond Firetail Limited increased its holdings by 661,000 shares at an average price of HK$12.852 per share; Mr. Lam Wai-kuo was deemed to have an interest in 34,990,340 shares through the methods described in columns 27 and 32.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.