On June 7, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 7, Elegant Motion Holdings Limited increased its OTC holdings at an average price of US$0.9143 per share on May 30$BAOZUN-W (09991.HK)$26.4694 million other shares worth approximately US$24.201 million. After the increase in holdings, Elegant Motion Holdings Limited's latest shareholding was 26.4694 million shares, and the good position ratio increased from 0.00% to 15.49%.
This transaction involves another related party: UBS TC (Jersey) Ltd.
Additional information: Class of shares is Class A ordinary shares.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.