On January 4, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 4, Inscription Capital Holdings Limited increased its OTC holdings at an average price of HK$0.1 per share on December 29, 2023$GREENLAND BROAD (01253.HK)$301 million common shares worth approximately HK$30.797 million. After the increase in holdings, Inscription Capital Holdings Limited's latest shareholding was 301 million shares, and the good position ratio increased from 0.00% to 5.17%.
Additional Information: On 3 January 2024, (i) 1,979,000,000 conversion shares were duly allotted and issued as fully-paid by China Greenland Broad Greenstate Group Company Limited (“China Greenland”) to Greenland Financial Overseas Investment Group Co., Ltd.; and (ii) 300,796,510 and 199,476,490 Settlement Shares were duly allotted and issued as fully-paid by China Greenland to Inscription Capital Holdings Limited and EASTEN CAPITAL HOLDINGS LIMITED announced.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company 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 interest in shares of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.