It was reported on January 31 that according to documents disclosed by the Hong Kong Stock Exchange on January 31, Au Honglian increased its OTC holdings at an average price of HK$1920.5741 per share on January 26$WINNING TOWER (08362.HK)$The associated corporation Keyview Ventures Limited has 14,400 common shares worth approximately HK$27.6563 million. After increasing her holdings, Ou Honglian's latest shareholding in the associated corporation was 21,000 shares, and the good position ratio increased from 23.22% to 70.00%.
Additional Information: On 26 January 2024, (i) Mr. Zhong Yuhua invested 447 shares, 6,975 shares and 2,407 shares of Keyview Ventures Limited from Mr. Lai King Wah, Top Ocean Investment Limited and Mr. Yu Ting Hei, proposed; (ii) Ms. Ou Honglian obtained 3,000 shares of Keyview Ventures Limited from Mr. Yu Ting Hei; and (iii) Keyview Ventures Limited allotted and issued 1,571 shares at The price of US$1 per share to Mr. Zhong Yuhua.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.