Reported on September 30th, according to the documents disclosed by the Hong Kong Stock Exchange on September 30th, JPMorgan Chase & Co. traded at an average on-exchange price of HK$11.6871 and an average off-exchange price of HK$11.68 per share on September 24th, totaling shareholding.$WEICHAI POWER (02338.HK)$JPMorgan Chase & Co. increased its holdings by approximately 9.493 million H-shares, valued at around HK$0.111 billion. After the increase, the latest number of shares held by JPMorgan Chase & Co. is 0.12 billion, and the long position ratio has increased from 5.68% to 6.16%.
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.