On April 5, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 5, Conquer Holding Limited was sold off the market at an average price of HK$0.39 per share on March 27$KELFRED (01134.HK)$5 million common shares worth approximately HK$1.95 million. After the sale, Conquer Holding Limited's latest shareholding was 271 million shares, and the good position ratio fell from 55.19% to 54.19%.
The transaction involved other related parties: Chen Yanhua, Guo Maoqun, Guo Junhui, Guo Junyu, Siu Fang-ting, and Lee Min-yee.
Additional information: Chan Yin Wah (“Mrs. Kwok”) holds 2% shareholding interest in Conquer. On 3/1/2019, Kwok Mau Kwan, Mrs. Kwok, Kwok Kwan Fai and Kwok Kwan Yu agree into the confirmation act to confirm and confirm that they are parties acting in concert in respect of each of members of the group since their stated dates of incorporation and shall continue to do so after the date of the confirmation deed.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.