It was reported on January 26 that according to documents disclosed by the Hong Kong Stock Exchange on January 26, China Dynamic (Hong Kong) Limited increased its OTC holdings at an average price of HK$0.1 per share on January 25$CH BEIDAHUANG (00039.HK)$850 million common shares worth approximately HK$85 million. After the increase in holdings, China Dynamic (Hong Kong) Limited's latest shareholding was 850 million shares, and the good position ratio rose from 0.00% to 13.42%.
This transaction involves other related parties: CIS FUND OFC - CHINA QUJIANG FUND and CIS Securities Asset Management Limited.
Additional Information: On 25 January 2024, the Company and China Dynamic (Hong Kong) Limited (the “Investor”) decided into a proposed agreement, agreed to which the Investor has conditionalized to subscribe for, and the company has conditionalized to allot and issue, 850,000,000 shares in the company.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.