On June 25th, JPMorgan Chase & Co. increased its shareholding by buying a total of 1.9082 million H share stocks at an average on-exchange price of HKD20.4489 and an average off-exchange price of HKD20.4029, valued at approximately HKD39.0212 million, according to documents disclosed by the Hong Kong Stock Exchange on June 25th.$CPIC (02601.HK)$After the shareholding increase, JPMorgan Chase's latest shareholding number is 196 million shares, and its warehouse ratio has increased from 6.99% to 7.06%.
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.