It was reported on July 4 that according to documents disclosed by the Hong Kong Stock Exchange on July 4, Gao Weiming increased his holdings at an average price of HK$0.146 per share on June 27$TRAVEL EXPERT (01235.HK)$0.14 million common shares worth approximately HK$0.0204 million. After the increase in holdings, Gao Weiming's latest shareholding was 0.371 billion shares, and the good position ratio increased from 72.72% to 72.74%.
This transaction involves another related party: Zheng Xingfen.
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.