On March 28, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 28, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on March 25 at an average price of HK$19.0956 per share on the market and HK$19.2786 per share outside the market$FLAT GLASS (06865.HK)$2,071,700 H shares worth approximately HK$39.5602 million. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 40.9825 million shares, and the good position ratio increased from 8.64% to 9.10%.
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.