On December 4, according to documents disclosed by the Hong Kong Stock Exchange on December 4, Li Guoheng increased his holdings by an average price of HK$10.881 per share on November 24$GREENHEART GP (00094.HK)$The associated corporation Chow Tai ?$#@$ Jewellery Group Limited has 200,000 common shares, worth approximately HK$2.1762 million. After increasing his holdings, Li Guoheng's latest shareholding in the associated corporation was 200,000 shares, with a good position ratio of 0.00%.
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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.