On December 6, according to documents disclosed by the Hong Kong Stock Exchange on December 6, Excel Time Investments Limited increased its holdings by HK$0.265 per share on December 5 at an average price of HK$0.265 per share$SYNERTONE (01613.HK)$11.386,900 common shares, worth approximately HK$3,017,500. After the increase in holdings, the latest number of shares held by Excel Time Investments Limited was 65.614,300 shares, and the good position ratio rose from 18.06% to 21.85%.
This transaction involves another related party: Weining Han.
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.