On March 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 20, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings by an average price of HK$21.255 per share on the market and HK$21.1101 per off-market share on March 15$CPIC(02601.HK)$12.11,000 H-shares, worth approximately HK$257 million. After increasing its holdings, the latest number of shares held by J.P. Morgan Chase was 202 million shares, and the ratio of good positions rose from 6.83% to 7.26%.
What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies 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.