On April 15, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 15, Lam Shun-chao increased his OTC holdings at an average price of HK$1.0 per share on March 1$C-MER EYE (03309.HK)$The associated corporation Health Hope Pharma Limited has 6.993 million common shares worth approximately HK$6.993 million. After the increase in holdings, Lin Shunchao's latest shareholding number of shares in the associated corporation was 7 million shares, with a good position ratio of 70.00%.
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.