It was reported on April 19 that according to documents disclosed by the Hong Kong Stock Exchange on April 19, Energy Luck Limited sold at an average price of HK$0.34 per share on April 17$SMART CITY DEV (08268.HK)$23.978,800 common shares worth approximately HK$8.152,800. After the sale, Energy Luck Limited's latest shareholding was 0 shares, and the good position ratio dropped from 9.99% to 0.00%.
This transaction involves another related party: Wang Jucheng.
Additional Information: Mr. Wong Kui Shing, Danny has sold out all the shares in the company and no longer been an ultimate owner of Smart City Development Holdings Ltd.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.