It was reported on May 10 that according to documents disclosed by the Hong Kong Stock Exchange on May 10, TYCOON PARTNER HOLDINGS LIMITED increased its holdings at an average price of HK$0.2348 per share on May 6$GRAPHEX GROUP (06128.HK)$34,126 million common shares worth approximately HK$8.012,800. After the increase in holdings, TYCOON PARTNER HOLDINGS LIMITED's latest shareholding was 65.874 million shares, and the good position ratio increased from 11.10% to 7.31%.
This transaction involves other related parties: Shen Taoyu and Wu Wenbei.
Additional Information: Wu Wenbei is the sole director and 50% shareholder of the Incurable Shareholder which is accustomed to follow his instructions.
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.