On December 21, according to documents disclosed by the Hong Kong Stock Exchange on December 21, Tai Wah (BVI) Holdings Limited increased its holdings by an average price of HK$2.6 per share on December 19$BOARDWARE INTEL (01204.HK)$3.46 million common stock shares, worth approximately HK$8.996 million. After increasing its holdings, the latest number of shares held by Tai Wah (BVI) Holdings Limited was 315 million shares, and the good position ratio rose from 62.28% to 62.97%.
This transaction involves other related parties: Chow Ka-chun and Wong Pui-fan.
Additional information: On 19 December 2023, Tai Wah (BVI) Holdings Limited shares 3,460,000 shares of the Company on the open market.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) are required to disclose their share interests in listed companies. The directors and chief executives of a listed company are required to disclose their interests in shares and debentures in the listed company and companies associated with the listed company.
Why is disclosure of interests important?
Disclosure of interests enables investors to identify (1) persons who control or have the ability to control the shares of a listed company, and (2) persons who may benefit from transactions involving associated entities of the listed company.