It was reported on July 12 that according to documents disclosed by the Hong Kong Stock Exchange on July 12, Ever Winning Investment Company Limited increased its OTC holdings at an average price of HK0.1 per share on July 10$EVER HARVEST GP (01549.HK)$52.5 million common shares with a value of approximately HK$5.25 million. After the increase in holdings, the latest number of shares held by Ever Winning Investment Company Limited was 1.02 billion shares, and the ratio of good positions increased from 62.41% to 65.80%.
The transaction involved other related parties: Liu Yuliang and Tang Hongchen.
What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies 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.