On May 22, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 22, Yuan Shuangshun increased his holdings at an average price of HK$0.16 per share on May 22$ISP GLOBAL (08487.HK)$100,000 common shares worth approximately HK$16,000. After increasing his holdings, Yuan Shuangshun's latest shareholding was 12.686 million shares, and the good position ratio increased from 1.20% to 1.21%.
Additional Information: Ms. Zeng Xiu Hua, is the supporter of Mr. Yuan Shuangshun, obtained 100,000 ordinary shares on 22 May 2024. By virtue of the SFO, Mr. Yuan Shuangshun is proposed to be collected in the 100,000 shares collected by Ms. Zeng Xiu Hua.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.