On June 26, JPMorgan Chase & Co. disclosed that on June 20, it increased its shareholding by a total of 2.9 million H shares with a value of approximately HKD 104 million at an average on-exchange price of HKD 35.8455 per share and an average off-exchange price of HKD 35.8489 per share, according to documents disclosed by the Hong Kong Stock Exchange. After the increase, JPMorgan Chase's latest shareholding is 277 million shares, and its shareholding ratio has increased from 5.98% to 6.04%.$CM BANK (03968.HK)$After increasing its shareholding, JPMorgan Chase now holds a total of 277 million H shares, with a total value of approximately HKD 104 million. Its shareholding ratio has increased from 5.98% to 6.04%.
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.