On May 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 24, Fantasy Races Limited was sold at an average price of HK$0.0578 per share on May 20$SUNSHINE 100 (02608.HK)$19.4 million common shares worth approximately HK$1.1213 million. After the sale, Fantasy Races Limited's latest shareholding was 1,623 million shares, and the good position ratio dropped from 64.38% to 63.62%.
This transaction involves another related party: Cititrust Private Trust (Cayman) Limited.
Additional information: Sale of shares by creditors.
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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.
