On February 6, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 6, Liu Ning increased his holdings off the market on January 30$DIMMI LIFE HLDG (01667.HK)$9.6 million common shares. After the increase in holdings, Liu Ning's latest shareholding was 9.6 million shares, and the good position ratio increased from 0.00% to 1.00%.
Photo Source: Stock Exchange Equity Disclosure
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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 enables investors to identify (1) persons who control or have the ability to control the shares of a listed company, and (2) persons who may benefit from transactions involving associated entities of the listed company.