On November 27, according to documents disclosed by the Hong Kong Stock Exchange on November 27, Goldstone 1 LPF increased its holdings by HK$0.3775 per share on November 24 at an average price of HK$0.3775 per share$TASTY CONCEPTS (08096.HK)$1,955,000 common shares, with a value of approximately HK$738,000. After increasing its holdings, the latest number of shares held by Goldstone 1 LPF was 21.155 million shares, and the good position ratio rose from 9.97% to 10.99%.
This transaction involves other related parties: Goldstone Wealth Management Limited and Yuzo Lin.
Why did activists increase their holdings, but their shareholding ratio declined?
This may be because listed companies have placed additional shares, leading to a dilution in the shareholding ratio of actors.
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.