On July 5, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on July 5, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on July 2 at an average price of HK$30.0071 per share on the market and HK$29.9824 per share outside the market$AAC TECH (02018.HK)$1.2619 million common shares worth approximately HK$37.867 million. After the increase in holdings, the latest number of shares held by J.P. Morgan Chase was 84.0497 million shares, and the good position ratio increased from 6.90% to 7.01%.
What 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.