It was reported on April 29 that according to documents disclosed by the Hong Kong Stock Exchange on April 29, wind music was sold off the market at an average price of HK$0.165 per share on April 24$HYFUSIN GROUP (08512.HK)$18.15 million common shares worth approximately HK$2.994,800. After the sale, the latest number of shares held by Wind Music was 0 shares, and the good position ratio was reduced from 16.50% to 0.00%.
Additional information: On 24 April 2024, a Vibes Enterprises Company Limited sold 181,500,000 shares (equivalent to 16.5% of the total shares before completion of the share buy-back) of Hyfusin Group Holdings Limited as buy back shares and Hyfusin Group Holdings Limited has canceled such shares following completion, leading to Vibes Enterprise Company Limited proposed to have any intention in Hyfusin Group Holdings Limited.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.