On January 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 8, Xu Yi increased her OTC holdings at an average price of HK$0.0195 per share on December 28, 2023$LINK HOLDINGS (08237.HK)$2,611 billion common shares worth approximately HK$509.083 million. After increasing her holdings, Xu Yi's latest shareholding was 2,611 billion shares, and the good position ratio increased from 0.00% to 62.34%.
Additional information: On 28 December 2023, Hui Ngan obtained 75% of interest in Billion Supreme Holdings Limited from Yuan Tianfu.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.