On December 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 18, Zeming International Investment Co., Ltd. was sold off the market at an average price of HK$0.69 per share on June 30$HC ENV TECH (02265.HK)$6 million common shares worth approximately HK$4.14 million. After the sale, Zeming International Investment Co., Ltd.'s latest shareholding was 584 million shares, and the good position ratio dropped from 58.95% to 58.35%.
Additional information: Revision on the form of disclosure of interest with form serial number: CS20230704E00026What 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.