On April 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 24, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on April 19 at an average price of HK$23.7485 per share on the market and HK$24.4839 per share off-market$AAC TECH (02018.HK)$1,964,200 common shares worth approximately HK$46.6474 million. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 133 million shares, and the good position ratio increased from 10.96% to 11.13%.
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.