It was reported on May 24 that according to documents disclosed by the Hong Kong Stock Exchange on May 24, TPG Growth III SF Pte. Ltd. sold OTC on May 20 at an average price of $0.0864 per share$VCREDIT (02003.HK)$29.9932 million common shares worth approximately US$2.5914 million. After sale, TPG Growth III SF Pte. The latest number of shares held by Ltd. was 0 shares, and the good position ratio dropped from 6.13% to 0.00%.
This transaction involves other related parties: DB CC, LLC, James George Coulter, TPG Growth III SF Finance, Limited Partnership, TPG Operating Group III, L.P., David Bonderman, TPG Group Holdings (SBS), L.P., L.P. ., JC GP, LLC, TPG Inc., TPG GP A, LLC, TPG Operating Group II, L.P., and TPG Growth III SF AIV GenPar, L.P.
Additional information: The percentage interest held by TPG Growth III SF Pte. Ltd. in the shares of vCredit Holdings Limited has reduced to less than 5% because of a completion of a sale of shares on May 20, 2024, details of which are set out in Box 17.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.