On September 6, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 6, Tat Hong Equipment (China) Pte. Ltd. increased its OTC holdings at an average price of HK$1.9767 per share on August 31$TAT HONG EQUIP (02153.HK)$513.42 million common shares worth approximately HK$101 million. After increasing holdings, Tat Hong Equipment (China) Pte. Ltd. The latest number of shares held was 854 million shares, and the ratio of good positions increased from 68.75% to 73.15%.
This transaction involves other related parties: Tat Hong International Pte Ltd, Tat Hong Holdings Ltd, THSC Investments Pte. Ltd., Huangshan Yan, Chwee Cheng & Sons Pte Ltd, TH60 Investments Pte. Ltd., Huang Shanwei, Huang Shanzhong, and Huangshan Fire.
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.