On April 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 26, Ample Bonus Limited was sold off the market at an average price of HK$2.6 per share on April 23$PALASINO (02536.HK)$4.396 million common shares worth approximately HK$11.4296 million. After the sale, Ample Bonus Limited's latest shareholding was 581 million shares, and the good position ratio dropped from 73.21% to 72.07%.
This transaction involves other related parties: Sumptuous Assets Limited, Qiu Dachang, Qiu Wu Huiping, Far East Organization (International) Limited, and Far East Consortium International Limited.
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.