It was reported on May 13 that, according to documents disclosed by the Hong Kong Stock Exchange on May 13, Creative Brocade International Limited increased its holdings at an average price of HK$11.4086 per share on May 10$YEAHKA (09923.HK)$2,800 common shares worth approximately HK$31,900. After the increase in holdings, Creative Brocade International Limited's latest shareholding was 161 million shares, with a good position ratio of 36.32%.
This transaction involves other related parties: Cantrust (Far East) Limited, Brocade Creation Investment Limited, Brocade Creation Limited, Liu Yingqi, and Luo Haiying.
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.