On May 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 8, KKR CG Judo Outlets sold at an average price of HK$0.1135 per share on May 2$CAPITAL GRAND (01329.HK)$19.714 million common shares worth approximately HK$2,237,500. After the sale, KKR CG Judo Outlets' latest shareholding was 219 million shares, and the good position ratio dropped from 24.79% to 22.74%.
This transaction involves other related parties: KKR Group Co. Inc. (formerly known as KKR & Co. Inc.) , George R. Roberts, Henry Roberts Kravis, KKR China Growth Fund L.P., KKR Group Holdings Corp., KKR China Growth Limited, KKR & Co. Inc. (formerly known as KKR Aubergine Inc.) , KKR Associates China Growth L.P., KKR CG Judo, KKR Group Holdings L.P. (formerly known as KKR Holdings L.P.) , KKR Management LLP (formerly known as KKR Management LLC), and KKR Group Partnership L.P. (formerly known as KKR Fund Holdings L.P.).
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.