Reported on September 4th, according to the documents disclosed by the Hong Kong Stock Exchange on September 4th, JPMorgan Chase & Co. increased its shareholding on August 29th at an average on-market price of 29.7805 Hong Kong dollars per share, and an average off-market price of 29.8809 Hong Kong dollars per share, totaling.$GALAXY ENT (00027.HK)$3.3917 million shares of ordinary shares, with a value of approximately 0.101 billion Hong Kong dollars. After the increase, JPMorgan Chase's latest shareholding is 0.221 billion shares, and the stake ratio has increased from 4.96% to 5.04%.
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.