It was reported on December 28 that according to documents disclosed by the Hong Kong Stock Exchange on December 28, Choi Man-shing increased his holdings at an average price of HK$0.4012 per share on December 27$VINCENT MED (01612.HK)$170,000 common shares worth approximately HK$68,200. After the increase in holdings, Cai Wencheng's latest shareholding was 393 million shares, and the good position ratio increased from 60.16% to 60.18%.
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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.