Reported on September 26th, according to the documents disclosed by the Hong Kong Stock Exchange on September 26th, JPMorgan Chase & Co. increased its shareholding by acquiring an average of 2.4645 million ordinary shares at an average on-exchange price of 122.6623 Hong Kong dollars per share and an average off-exchange price of 122.3603 Hong Kong dollars per share, totaling approximately 0.302 billion Hong Kong dollars.$BEIGENE (06160.HK)$After the shareholding increase, the latest number of JPMorgan Chase & Co.'s shares held is 0.116 billion shares, and the proportion of their stake in the company has risen from 8.99% to 9.19%.
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.