It was reported on June 14 that according to documents disclosed by the Hong Kong Stock Exchange on June 14, Arena Investors, LP increased its holdings at an average price of HK$7.22 per share on June 13$VISION INT HLDG (08107.HK)$150,000 common shares worth approximately HK$1.083 million. After the increase in holdings, Arena Investors, LP recently held 25.76 million shares, and the good position ratio increased from 18.91% to 19.02%.
Additional information: Arena Investors, LP acts as investment manager to the first 5 funds listed in Box 22 and as sub-advisor to the 6th fund listed in Box 22. On 18 May 2023, Arena Investors, LP proposed call options for up to 9,600,000 shares, under which option holder may choose cash or physical settlement.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.