On January 30, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 30, Elliott Investment Management GP LLC was sold at an average price of HK$50.0 per share on January 30$GUOCO GROUP (00053.HK)$31.9987 million common shares worth approximately HK$1.6 billion. After the sale, Elliott Investment Management GP LLC's latest shareholding was 0 shares, and the good position ratio dropped from 9.72% to 0.00%.
Additional information: The shares in Box 18 were beneficiously owned by The Liverpool Limited Partnership (5,119,794), Elliott Associates, L.P. (5,119,795) and Elliott International, L.P. (21,759,127). Elliott Investment Management GP LLC 100% controls Elliott Investment Management L.P. which had investment considerations with respect to all those shares.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.