Reported on October 14th, according to the documents disclosed by the Hong Kong Stock Exchange on October 14th, JPMorgan Chase & Co. increased its shareholding on October 8th at an average on-exchange price of 2.2208 Hong Kong dollars per share and an average off-exchange price of 2.2206 Hong Kong dollars per share, totaling.$WEIMOB INC (02013.HK)$15.184 million shares of common stock, worth approximately 33.7206 million Hong Kong dollars. After the increase in shareholding, JPMorgan Chase's latest number of shares held is 0.25 billion shares, and the warehouse ratio has increased from 7.64% to 8.13%.
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.