It was reported on January 16 that according to documents disclosed by the Hong Kong Stock Exchange on January 16, HUANGYULIN HOLDINGS LIMITED increased its holdings at an average price of HK$1.702 per share on January 12$CHEN LIN EDU (01593.HK)$1,168,000 common shares worth approximately HK$1,987,900. After the increase in holdings, HUANGYULIN HOLDINGS LIMITED's latest shareholding was 561 million shares, and the good position ratio increased from 55.98% to 56.10%.
This transaction involves another related party: Huang Yulin.
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.