On April 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 8, C Digital Libraries Inc. sold off the market on April 2 at an average price of HK$0.24 per share$DIGITAL DOMAIN (00547.HK)$407 million common shares worth approximately HK$97.7112 million. After the sale, C Digital Libraries Inc.'s latest shareholding was 383 million shares, and the good position ratio dropped from 9.91% to 4.81%.
This transaction involves another related party: NG Cheang Neng.
Additional information: 407,130,000 shares saleWhat 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.