On May 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 23, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on May 17 at an average price of HK$31.5573 per share on the market and HK$31.5868 per share off-market$XPENG-W (09868.HK)$2.874,200 other shares worth approximately HK$97.034 million. After the increase in holdings, the latest number of shares held by J.P. Morgan Chase was 93.9241 million shares, and the good position ratio increased from 5.90% to 6.09%.
Additional information: As of date of relevant event, Xpeng Inc issued share capital 1540864035 of class A sharesWhat 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.