It was reported on May 16 that, according to documents disclosed by the Hong Kong Stock Exchange on May 16, SVF II Subco (DE) LLC was sold at an average price of HK$6.8351 per share on April 25$KEEP (03650.HK)$250,000 common shares worth approximately HK$1,708,800. After the sale, SVF II Secured Subco (DE) LLC's latest shareholding was 47.264 million shares, and the good position ratio dropped from 9.04% to 8.99%.
This transaction involves other related parties: SoftBank Vision Fund II-2 L.P., SoftBank Group Overseas GK, SVF II Investment Holdings LLC, SB Global Advisers Limited, SVF II GP (Jersey) Limited, SVF II Aggregator (Jersey) L.P., SVF II Investment Holdings (Subco) LLC, SVF II Holdings (DE) LLC, SoftBank Group Corp. and SB Global Advisers Capital Markets Limited.
Additional Information: Rectification filing to amend addresses of SVF II Aggregator (Jersey) L.P., SoftBank Vision Fund II-2 L.P. and SVF II GP (Jersey) Limited in Box 26.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.