It was reported on January 12 that according to documents disclosed by the Hong Kong Stock Exchange on January 12, Lin Huihai increased her OTC holdings at an average price of HK$1.54 per share on January 10$SIS MOBILE (01362.HK)$The associated corporation SIS INTERNATIONAL HOLDINGS LTD. 4,000 shares worth approximately HK$6,160. After increasing her holdings, Lin Huihai's latest shareholding number of shares in the associated corporation was 9.296,400 shares, with a good position ratio of 3.34%.
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.