It was reported on January 3 that according to documents disclosed by the Hong Kong Stock Exchange on January 3, Hurray Talent Investment Development Limited increased its OTC holdings at an average price of HK$0.066 per share on January 2$WINSHINE SCI (00209.HK)$102 million common shares worth approximately HK$6.7297 million. After the increase in holdings, Hurray Talent Investment Development Limited's latest shareholding was 102 million shares, and the good position ratio increased from 0.00% to 16.66%.
This transaction involves another related party: Li Zhonghai.
Additional information: The filer subscribed for 101,964,566 new shares at the subscription price of HK$0.066 per subscription share. The shareholding percentage is based on the upon the issue of the subscription shares. Details are set out in the discussion of the company schedule 02 January 2024.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 interest in shares of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.