On December 5, according to documents disclosed by the Hong Kong Stock Exchange on December 5, the Huzhou Wuxing District State-owned Capital Supervision and Administration Service Center increased its OTC holdings by HK$0.5034 per share on December 1 at an average price of HK$0.5034 per share$HONWORLD GP (02226.HK)$79.95 million common shares, with a value of approximately HK$40,224,200. After the increase in holdings, the latest number of shares held by the Huzhou Wuxing District State-owned Capital Supervision and Administration Service Center was 310 million shares, and the good position ratio rose from 39.80% to 53.61%.
Additional information: On 1 December 2023, Wuxing City Investment HK Company Limited had received valid acceptance in respect of an aggregate of 79,905,000 offer shares under the mandatory mandatory cash Offer by CLSA Limited for and on investment of Wuxing City Investment HK Company Limited to acquire all the shares of Honworld Group Limited (other than those owned or owned or owned to Be Presented by the Offeror and Presented in Concert with It).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.