According to documents disclosed by HKEX on July 2nd, JPMorgan Chase & Co. increased its shareholding by buying 77,900 ordinary shares at an average on-exchange price of HKD 57.2604 per share and an average off-exchange price of HKD 57.3968 per share on June 26th. The total value was approximately HKD 4.4611 million. After the increase, JPMorgan Chase & Co. holds a total of 30,489,100 shares, and the stake ratio increased from 17.97% to 18.01%.$ANGELALIGN (06699.HK)$The purchase of 77,900 ordinary shares by JPMorgan Chase & Co. at an average on-exchange price of HKD 57.2604 per share and an average off-exchange price of HKD 57.3968 per share on June 26th was disclosed by documents released by HKEX on July 2nd. The value of the shares purchased was approximately HKD 4.4611 million. After the increase, the total number of shares held by JPMorgan Chase & Co. is 30,489,100 shares, and the stake ratio increased from 17.97% to 18.01%.
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.