Chow Tai Fook (01929.HK) received a shareholding of 3.9918 million ordinary shares from Cheng Kar-shun, worth about HK$35.6791 million.

Futu News ·  Jun 21 17:04

On June 21, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 21, Cheng Ka-chun increased his holdings at an average price of HK$8.9381 per share on June 20$CHOW TAI FOOK (01929.HK)$3.9918 million common shares worth approximately HK$35.6791 million. After the increase in holdings, Zheng Jiachun's latest shareholding was 7.0612 million shares, and the good position ratio increased from 0.03% to 0.07%.


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.

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