On February 1, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 1, Little Wisdom Limited increased its OTC holdings at an average price of HK$0.145 per share on January 22$BRIGHT FUTURE (01351.HK)$71.02 million common shares worth approximately HK$10.2979 million. After the increase in holdings, Little Wisdom Limited's latest shareholding was 71.02 million shares, and the good position ratio increased from 0.00% to 11.84%.
This transaction involves other related parties: Shen Ming and Hu Simian.
Additional Information: On 22 January 2024, agreed to the Subscription Agreement enter into between the Issuer, Little Wisdom and BridgeDo, 71,020,000 Shares and 28,980,000 Shares were allotted and issued to Little Wisdom and BridgeDo Announced by the Issuer under the General Considerations at the Subscription Price of HK$0.145 per Subscription Share. For further details, please refer to the Annunciations of the Issuer Announced 27 December 2023 and 22 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 the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.