On April 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 17, the Singapore Government Investment Corporation (GIC (Ventures) Pte. Ltd.) sold at an average price of HK$4.9583 per share on April 11$INNOCARE (09969.HK)$21.417,200 common shares worth approximately HK$106 million. After the sale, the latest number of shares held by the Singapore Government Investment Corporation was 87.998 million shares, and the good position ratio dropped from 6.21% to 4.99%.
This transaction involves other related parties: GIC Private Limited and GIC Special Investments Private Limited.
Additional Information: Cemetery to have a notiest interest in The Fever Corporation due to sale of shares.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.