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Is there any obligation for shareholders holding shares of the listed companies?

Is there any obligation for shareholders holding shares of the listed companies?

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Morris
 

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A person who is first interested in 5% or more of the shares of a listed company has to give notice in specified form to disclose his interests. He is regarded as a substantial shareholder of the Company, under the Securities and Futures Ordinance. He also has to give notice when there is an increase or decrease in the percentage figure of his holding that results in his interest crossing over a whole percentage number which is above 5%. Besides, if his interest drops below 5%, he is also obliged to give notice.

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Barry
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