It was reported on February 2 that according to documents disclosed by the Hong Kong Stock Exchange on February 2, Well Mount Holdings Limited increased its holdings at an average price of HK$1.0904 per share on February 1$MICROWARE (01985.HK)$6.866 million common shares worth approximately HK$7.486,700. After the increase in holdings, Well Mount Holdings Limited's latest shareholding was 20.432 million shares, and the good position ratio increased from 4.52% to 6.81%.
Additional information: Well Mount Holdings Limited has further promoted in the listed corporation in its capacity as trustee of the Microware Non-connected Employees Share Award Trust Attached to the of the Share Award Scheme proposed by the listed corporation on 10 January 2024, which triggered a duty of disclosure as th percentage level of disclosure held by it To over 5%. For details, please refer to The Listed Corporations Announced 16 January 2024.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.