It was reported on December 28 that according to documents disclosed by the Hong Kong Stock Exchange on December 28, TEDA Investment Holding Co., Ltd. increased its holdings at an average price of HK$0.3838 per share on December 20$DYNASTY WINES (00828.HK)$6 million common shares worth approximately HK$2,302,800. After the increase in holdings, TEDA Investment Holding Co., Ltd. recently held 564 million shares, and the good position ratio increased from 39.62% to 40.05%.
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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.