On September 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 26, Hui Chi-ming increased off-market holdings at an average price of HK$0.116 per share on September 21$WISDOM WEALTH (00007.HK)$10,000 common shares worth approximately HK$1,160. After the increase in holdings, the latest number of shares held by Xu Zhiming was 1,944 million shares, with a good position ratio of 61.52%.
Supplementary information: Acquisition of 10,000 shares is completed by Hong Kong Finance Equity Holding Limited, the ownership in shareholding percentage does not cross a whole percentage point.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.