It was reported on March 15 that, according to documents disclosed by the Hong Kong Stock Exchange on March 15, Stone Steps Investments Limited increased its holdings at an average price of HK$0.12 per share on February 22$SUCCESS DRAGON (01182.HK)$235,000 common shares worth approximately HK$28,200. After the increase in holdings, Stone Steps Investments Limited's latest shareholding was 230 million shares, and the good position ratio increased from 65.87% to 65.93%.
Additional Information: Stone Steps Investments Limited transferred all to Positive Kindness Limited on January 2, 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.