On April 29, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 29, Battsengel Gotov was sold at an average price of HK$10.4997 per share on April 26$MONGOL MINING (00975.HK)$500,000 common shares worth approximately HK$5.249,900. After the sale, Battsengel Gotov's latest shareholding was 9 million shares, and the good position ratio dropped from 0.91% to 0.86%.
Additional information: The Company proposed share options to the Director and employees on 3 April 2023. These share options will lapse on 3 April 2028, upon the expiration of the exercise period. On 26 April 2024, Dr. Gotov exercised a total of 500,000 share options for 500,000 shares of the company, which were disposed of on the same day via a cashless sell order through the Company's Hong Kong branch share registrar for and on complying with Dr. Gotov.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.