On July 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on July 12, Tang Ming-hee increased her OTC holdings at an average price of HK$0.04 per share on July 9$HING MING HLDGS (08425.HK)$80 million common shares worth approximately HK$3.2 million. After the increase in holdings, Deng Mingxi's latest shareholding was 80 million shares, and the good position ratio increased from 0.00% to 21.28%.
Additional information: As at 10 July 2024, the acquisition of an aggregate of 80,000,000 shares has been completed.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.