According to the documents disclosed by the Hong Kong Stock Exchange on June 18, JPMorgan Chase & Co. (JPMorgan) has increased its shareholding by a total of approximately 4.1465 million H shares, with a total value of approximately HKD 138 million, at an average on-exchange price of HKD 33.4007 per share and an average off-exchange price of HKD 33.5486 per share, as of June 13. After the increase, JPMorgan's latest shareholding amount is 277 million shares, and the proportion of its holdings has increased from 5.93% to 6.02%.$CM BANK (03968.HK)$Listed in Hong Kong, JPMorgan Chase & Co. increased its shareholding of approximately 4.1465 million H shares, with a total value of approximately HKD 138 million. After the increase, JPMorgan Chase & Co. now holds a total of 277 million shares, which increased the proportion of its holdings from 5.93% to 6.02%.
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.