It was reported on April 24 that according to documents disclosed by the Hong Kong Stock Exchange on April 24, Pacific Millennium Holdings Corporation increased its holdings at an average price of HK$6.31 per share on April 19$PM PACKAGING (01820.HK)$10,000 common shares worth approximately HK$63,300. After the increase in holdings, Pacific Millennium Holdings Corporation's latest shareholding was 202 million shares, and the good position ratio rose from 67.13% to 67.14%.
This transaction involves other related parties: Star Concord Worldwide Limited, Ample Bright Management Limited, Pacific Millennium Holdings Corporation, Tsai Wenhao, Star Concord Worldwide Limited, Ample Bright Management Limited, Golden Ford Investments Limited, Fortune China Resources Limited, Elite Age International Limited, Fortune China Resources Limited, Tan Liping, Tan Liping, Elite Age International Limited and Golden Ford Investments limited.
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.