According to documents disclosed by the Hong Kong Stock Exchange on June 26th, JPMorgan Chase & Co. increased its shareholding by acquiring a total of 3,800,400 ordinary shares at an average price of HKD 38.8587 per share on the stock exchange and HKD 38.8528 per share off the stock exchange on June 20th. The total value is approximately HKD 148 million. After the increase in shareholding, JPMorgan Chase's latest shareholding is 352 million shares, and their stake went up from 7.95% to 8.04%.$GALAXY ENT (00027.HK)$After increasing its shareholding, JPMorgan Chase acquired 3,800,400 ordinary shares at an average price of HKD 38.8587 per share on the stock exchange and HKD 38.8528 per share off the stock exchange on June 20th, with a total value of approximately HKD 148 million. The bank now holds a total of 352 million shares, with a stake of 8.04%, up from 7.95%.
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.