On December 13, according to documents disclosed by the Hong Kong Stock Exchange on December 13, HongKong ZCFT International Limited increased its OTC holdings by HK$0.113 per share on December 8 at an average price of HK$0.113 per share$WAN LEADER (08482.HK)$120 million common stock shares, worth approximately HK$13.56 million. After the increase in holdings, the latest number of shares held by HongKong ZCFT International Limited was 120 million shares, and the good position ratio rose from 0.00% to 9.62%.
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.