According to the documents disclosed by the Hong Kong Stock Exchange on June 14th, JPMorgan Chase & Co. increased its shareholding by acquiring 4.0761 million ordinary shares, with a total value of approximately HKD 100 million, at an average on-exchange price of HKD 24.5815 per share and an average off-exchange price of HKD 24.4826 per share on June 11th.$SAMSONITE (01910.HK)$Following the increase, JPMorgan Chase & Co.'s latest shareholding amount is 90.6572 million shares, and its stake ratio increased from 5.92% to 6.20%.
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.