Hi all, Today I ll be writing about disclosure of Interests/ Change in Interest of Substantial Shareholder(s) or Director/Chief Executive Officer. You will see this very often when you scroll through the Company Announcement under the Company Information Tab. When I just started investing, I remembered scrolling down to check the earnings report and end up seeing many of these. Well the purpose of this is that Under the Securities and Futures Act as well as Companies Act, Part VII, MAS requires CEO/Directors of the company, substantial shareholders, trustee manager of listed REIT or BT to actually disclose when there's a change in their shareholdings.
Source: http://www.mas.gov.sg/~/media/Part_VII_FAQ_revised_23_Nov_2012 In the form, There's a column for direct interest and deemed interest.
Definition of deemed interest under Companies Act I'll label them into 4 points. 1. Control of board / controlling interest - where a body corporate .
