It was reported on February 16 that according to documents disclosed by the Hong Kong Stock Exchange on February 16, Goldbond Group Holdings Limited increased its OTC holdings at an average price of HK$0.38 per share on February 14$RONGZHONG FIN (03963.HK)$8.912 million common shares worth approximately HK$3.3866 million. After the increase in holdings, Goldbond Group Holdings Limited's latest shareholding was 349 million shares, and the good position ratio increased from 57.53% to 59.04%.
The transaction involved other related parties: Wong Yat-yi, Wong Fan Bi Chun, Wong Yue-yi, Kwok Wing-shan, and Wong Yu-lung.
Additional information: On 14 February 2024, Goldbond Group Holdings Limited received an acceptance in respect of a total of 8,912,000 Offer Shares under the Share Offer.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.