On September 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 12, Graymind Investments Limited increased its holdings at an average price of HK$0.1,313 per share on September 10$BOJUN EDU (01758.HK)$17.948 million common shares worth approximately HK$2.3566 million. After the increase in holdings, Graymind Investments Limited's latest shareholding was 0.13 billion shares, and the good position ratio increased from 12.43% to 14.41%.
This transaction involves another related party: Tang Hui.
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.