On January 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 24, Bookbuilders BVI Limited increased its OTC holdings at an average price of HK$0.43 per share on January 23$LEFTFIELD PRINT (01540.HK)$7.893 million common shares worth approximately HK$3.394 million. After the increase in holdings, Bookbuilders BVI Limited's latest shareholding was 308 million shares, and the good position ratio rose from 60.10% to 61.68%.
The transaction involved other related parties: Liu Zhujian, ER2 Holdings Limited, Lion Rock Group Limited, City Apex Ltd., and 1010 Group Limited.
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 the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.