On January 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 23, Talent Virtue International Limited increased its OTC holdings at an average price of HK$0.18 per share on January 22$HUABANG TECH (03638.HK)$130 million common shares worth approximately HK$23.4 million. After the increase in holdings, Talent Virtue International Limited's latest shareholding was 130 million shares, and the good position ratio increased from 0.00% to 13.73%.
Additional Information: The name of the Corporate shareholder is considered to Talent Virtue International Limited as the name of the Ultimate Owner of the Corporate Shareholder, Cheung Lit Wan Kenneth Was mistakenly used in the previous formWhat 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.