On June 11, according to documents disclosed by the Hong Kong Stock Exchange, JPMorgan Chase & Co. sold a total of 63.4069 million common stock shares at an average on-exchange price of HKD 6.2513 per share and an average off-exchange price of HKD 6.2364 per share on June 6. After the sale, JPMorgan Chase's latest holdings decreased from 5.45% to 3.98%, with a total of 172 million shares.$FE HORIZON (03360.HK)$After selling, the value of 63.4069 million common stock shares is about HKD 396 million. JPMorgan Chase's latest holdings decreased from 5.45% to 3.98%, with a total of 172 million shares.
Supplementary information: JP Morgan Chase & Co. no longer had a notifiable interest in the shares.What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.