It was reported on May 13 that according to documents disclosed by the Hong Kong Stock Exchange on May 13, Masan Multi Strategy Fund SPC - Masan HK Equity Fund SP was sold at an average price of HK$0.3285 per share on May 10$CORNERSTONE FIN (08112.HK)$10.584 million common shares worth approximately HK$3.476,800. After the sale, Masan Multi Strategy Fund SPC - Masan HK Equity Fund SP recently held 49.032 million shares, and the good position ratio dropped from 25.99% to 21.37%.
This transaction involves other related parties: Top Lion International Limited and Masan Capital Limited.
Additional Information: Masan Capital Limited is the fund manager of Masan Multi Strategy Fund SPCWhat 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.