On April 5, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 5, Fiduco Trust Management PTC increased its OTC holdings at an average price of HK$23.5 per share on March 28$VINDA INT'L (03331.HK)$30.297,500 common shares worth approximately HK$712 million. After the increase in holdings, Fiduco Trust Management PTC's latest shareholding was 1.16 billion shares, and the good position ratio increased from 93.85% to 96.37%.
This transaction involves other related parties: Chen Jianghe.
Additional information: Reference is made to the announcements of the Company announced 11 March 2024 and 22 March 2024 in relation to the proposed cash offer for shares in the Company (the Offer). The Offeror received valid acceptances of the Offer in Respect of 1,067,094,321 shares as at 28 March 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.