On June 20th, according to documents disclosed by the Hong Kong Stock Exchange, JPMorgan Chase & Co. (jpmorgan) increased its shareholding on June 14th to an average on-exchange price of HKD 1.5214 per share and an average off-exchange price of HKD 1.5175 per share, amounting to a total of 12.3199 million ordinary shares with a value of about HKD 18.7435 million. After the shareholding increase, the latest holdings of JPMorgan Chase total 254 million shares, and the proportion of good warehouse has increased from 7.86% to 8.26%.$WEIMOB INC (02013.HK)$After purchasing 12,319,900 ordinary shares worth approximately HKD 18,743,500 at an average on-exchange price of HKD 1.5214 per share and an average off-exchange price of HKD 1.5175 per share on June 14th, JPMorgan Chase & Co. now holds a total of 254 million shares, which is an increase from 7.86% to 8.26% in terms of the proportion of the outstanding shares.
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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.