It was reported on December 28 that according to documents disclosed by the Hong Kong Stock Exchange on December 28, Lam Ka-min increased her holdings at an average price of HK$0.3171 per share on December 15$MECOM POWER (01183.HK)$350,000 common shares worth approximately HK$11,000. After the increase in holdings, Lam Ka-man's latest shareholding was 2.175 billion shares, and the good position ratio increased from 54.56% to 54.57%.
The transaction involved other related parties: Wong Fung-ping, Carrie Chan, and Tam Cho-ying.
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.