On May 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 20, Chong Yong Pang increased his holdings at an average price of HK$0.1984 per share on May 17$GEMILANG INTL (06163.HK)$50,000 common shares worth approximately HK$9,920. After the increase in holdings, Chong Yong Pang's latest shareholding was 94.5381 million shares, and the good position ratio increased from 37.59% to 37.61%.
This transaction involves another related party: Poh Teng Low.
Additional Information: For code 2101: Mr. Pang Chong Yong held 12,460,000 shares (including 2,500,000 share options considered to be exercised).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.