It was reported on January 30 that according to documents disclosed by the Hong Kong Stock Exchange on January 30, 2023, Lau Chung-ho increased his holdings at an average price of HK$0.18 per share on April 12, 2023$BASETROPHY GP (08460.HK)$750,000 common shares worth approximately HK$135,000. After the increase in holdings, Liu Songhao's latest shareholding was 51.75 million shares, and the good position ratio increased from 44.35% to 45.00%.
Additional Information: Mr. Lau Chung Ho acquired 750,000 shares in the Company on 12 April 2023. Upon completion of the acquisition, the total number of shares Mr. Lau Chung Ho is considered, or taken to be considered in the company obtained from 51,000,000 to 51,750,000 and the percentage Level of shares collected from 44.35% to 45.0%.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.