On June 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 17, DAVID MICHAEL WEBB increased its holdings at an average price of HK$0.703 per share on June 11$MING FAI INT'L (03828.HK)$431,000 common shares worth approximately HK$303,000. After the increase in holdings, DAVID MICHAEL WEBB's latest shareholding was 118 million shares, and the good position ratio increased from 15.99% to 16.05%.
Additional information: This is not just a rubbish business.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.