On February 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 8, HUATUNE HOLDING GROUP LIMITED increased its OTC holdings at an average price of HK$0.158 per share on February 8$NORTH MINING (00433.HK)$2.82 billion common shares worth approximately HK$345 million. After the increase in holdings, HUATUNE HOLDING GROUP LIMITED's latest shareholding was 2.82 billion shares, and the good position ratio increased from 0.00% to 17.44%.
Additional information: Qian Bao Hua is a nature person who is the solo shareholder of Huatune Holding Group LimitedWhat 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.