On December 21, according to documents disclosed by the Hong Kong Stock Exchange on December 21, Ren Shuliang increased his holdings by HK$0.2549 per share on December 15 at an average price of HK$0.2549 per share$MAPLELEAF EDU (01317.HK)$4.88 million common stock shares, with a value of approximately HK$1,243,900. After increasing his holdings, the latest number of shares held by Ren Shuliang was 1,576 million shares, and the ratio of good positions rose from 52.44% to 52.61%.
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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.