On May 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 13, Ho Yu-lung increased his holdings at an average price of HK$6.2681 per share on May 9$MELCO INT'L DEV (00200.HK)$500,000 common shares worth approximately HK$3.344 million. After the increase in holdings, Ho Yulong's latest shareholding was 956 million shares, and the good position ratio increased from 63.03% to 63.07%.
Additional information: For Box 27, the 312,666,187 shares are held by L3G Holdings Inc., a company controlled by a discretionary family trust, the beneficiaries of which include Mr. Ho and his immediate Family members. For Box 30, the 585,492,107 shares are held by companies which are owned or controlled by persons and/or trusts associated with Mr. Ho.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.