On September 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 12, Lin Weiguo increased his holdings at an average price of HK$10.35 per share on September 11$C&D PROPERTY (02156.HK)$The associated corporation C&D International Investment Group Limited has 2 million common shares worth approximately HK$20.7 million. After increasing his holdings, Lin Weiguo's latest shareholding number of shares in the associated corporation was 36.4263 million shares, and the good position ratio increased from 1.71% to 1.81%.
Additional information: On September 11, 2024, Diamond Firetail Limited purchased 2,000,000 shares of C&D International shares; Mr. Lin Weiguo was deemed to have an interest in 36,426,257 C&D shares through the methods described in columns 33, 36 and 38.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.