On June 25, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 25, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on June 19 at an average price of HK$138.1618 per share on the market and an average price of HK$137.6437 per share outside the market$BILIBILI-W (09626.HK)$1,164,100 common shares worth approximately HK$161 million. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 27.732,500 shares, and the good position ratio increased from 7.87% to 8.21%.
Additional information: As of date of relevant event, BILIBILI INC issued share capital 337546303 of class Z sharesWhat is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.