On December 12, according to documents disclosed by the Hong Kong Stock Exchange on December 12, Honeylink Agents Limited increased its holdings by an average price of HK$0.145 per share on December 11$GET NICE (00064.HK)$556,000 common stock shares, worth approximately HK$80,600. After increasing its holdings, the latest number of shares held by Honeylink Agents Limited was 6.341 billion shares, with a good position ratio of 65.61%.
This transaction involves another related party: Hong Hanwen.
What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) are required to disclose their share interests in listed companies. The directors and chief executives of a listed company are required to disclose their interests in shares and debentures in the listed company and companies associated with the listed company.
Why is disclosure of interests important?
Disclosure of interests enables investors to identify (1) persons who control or have the ability to control the shares of a listed company, and (2) persons who may benefit from transactions involving associated entities of the listed company.