It was reported on April 23 that, according to documents disclosed by the Hong Kong Stock Exchange on April 23, One Victory Investments Limited increased its holdings at an average price of HK$0.8442 per share on April 17$FUSEN PHARM (01652.HK)$265,000 common shares worth approximately HK$223,700. After the increase in holdings, One Victory Investments Limited's latest shareholding was 154 million shares, and the good position ratio increased from 20.55% to 20.59%.
This transaction involves other related parties: Quan Xiufeng, Cao Zhiming, Cao Changcheng, and Zhou Peilin.
Additional Information: Box 26: Attached to the Second Deed of Confirmation 18 August 2017 Entered into between Mr. Cao Changcheng, Mr. Cao Zhiming and One Victory Investments Limited, Mr. Cao Changcheng is voting to exercise all voting rights attaching to the shares owned by One Victory Investments Limited and direct One Victory Investments Limited to vote voting..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.