On May 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 17, Lu Hailin increased her holdings at an average price of HK$1.92 per share on May 13$CIFI HOLD GP (00884.HK)$The associated corporation Ever Sunshine Services Group Limited (Yongsheng Services Group Limited) has 10,000 common shares worth approximately HK$192,000. After the increase in holdings, Ruhailin's latest shareholding number of shares in the associated corporation was 540,000 shares, with a good position ratio of 0.03%.
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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.