On January 29, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 29, Zhao Shu increased his OTC holdings at an average price of HK$0.048 per share on January 26$DENOX ENV (01452.HK)$98.8074 million common shares worth approximately HK$4.742,800. After the increase in holdings, the latest number of shares held by Zhao Shu was 276 million shares, and the good position ratio increased from 35.96% to 46.63%.
Additional information: On 26 January 2024, 98,807,400 shares were issued to Advant Performance Limited at the subscription price of HK$0.048 per share calculated to the specific advantages and subscription agreement. For details, please refer to the Circular of the Company Announced 15 December 2023.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.