On February 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 23, Daily Charm Inc. sold at an average price of HK$0.934 per share on February 22$WAI HUNG GROUP (03321.HK)$4,537,500 common shares worth approximately HK$4.238 million. After the sale, Daily Charm Inc.'s latest shareholding was 93.869,500 shares, and the good position ratio dropped from 19.50% to 18.60%.
This transaction involves another related party: Chen Guanqi.
Additional Information: Attacks of the Undertaking FormWhat 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.