It was reported on February 21 that according to documents disclosed by the Hong Kong Stock Exchange on February 21, Capital Wealth Global Limited increased its OTC holdings at an average price of HK$0.115 per share on February 20$HUASHENG INTL (01323.HK)$135 million common shares worth approximately HK$15.551 million. After the increase in holdings, Capital Wealth Global Limited's latest shareholding was 135 million shares, and the good position ratio rose from 0.00% to 17.89%.
Photo Source: Stock Exchange Equity Disclosure
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 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.