On April 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 26, Ho Yu-lung increased his holdings at an average price of HK$5.1711 per share on April 22$MELCO INT'L DEV (00200.HK)$600,000 common shares worth approximately HK$3.102,700. After the increase in holdings, Ho Yulong's latest shareholding was 951 million shares, and the good position ratio rose from 62.67% to 62.70%.
Additional information: For Box 27, the 312,666,187 shares are held by L3G Holdings Inc., a company controlled by a discretionary family trust, the beneficiaries of which include Mr. Ho and his immediate Family members. For Box 30, the 580,029,107 shares are held by companies which are owned or controlled by persons and/or trusts associated with Mr. Ho.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.