It was reported on June 14 that according to documents disclosed by the Hong Kong Stock Exchange on June 14, Guo Huiguang increased his OTC holdings at an average price of HK$5.52 per share on June 11$SHANGRI-LA ASIA (00069.HK)$2 million common shares worth approximately HK$11.04 million. After the increase in holdings, Guo Huiguang's latest shareholding was 95.626,900 shares, and the good position ratio increased from 2.61% to 2.67%.
Additional information: Box 24, Box 27 and Box 32: The shares under the codes of 2305 and 5102 were held through discretionary trusts of which Ms KUOK Hui Kwong is a discretionary beneficiary. Box 24: The Transaction was an internal transfer from other member of Kuok Group.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.