On April 18, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 18, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on April 15 at an average price of HK$78.531 per share on the market and HK$77.6929 per share off-market$ANGELALIGN (06699.HK)$1,5207 million common shares worth approximately HK$119 million. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 25.7696 million shares, and the good position ratio increased from 14.34% to 15.23%.
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.