It was reported on April 25 that according to documents disclosed by the Hong Kong Stock Exchange on April 25, KKR CG Judo Outlets sold at an average price of HK$0.2001 per share on April 23$CAPITAL GRAND (01329.HK)$10.656 million common shares worth approximately HK$2.1323 million. After the sale, KKR CG Judo Outlets' latest shareholding was 273 million shares, and the good position ratio dropped from 29.50% to 28.39%.
This transaction involves other related parties: KKR CG Judo, KKR China Growth Limited, KKR & Co. Inc. (formerly known as KKR Aubergine Inc.) , KKR Group Holdings Corp., KKR China Growth Fund L.P., KKR Group Holdings L.P. (formerly known as KKR Holdings L.P.) , Henry Roberts Kravis, KKR Group Partnership L.P. (formerly known as KKR Fund Holdings L.P.) , George R. Roberts, KKR Associates China Growth L.P., KKR Management LLP (formerly known as KKR Management LLC), and KKR Group Co. Inc. (formerly known as KKR & Co. Inc.).
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.