Reported on October 21st, according to the document disclosed by the Hong Kong Stock Exchange on October 21st, JPMorgan Chase & Co. sold a total of 51.543 million shares of common stock at an average on-exchange price of HK$100.7764 and an average off-exchange price of HK$100.5741 on October 15th.$BABA-W (09988.HK)$Approximately worth HK$5.194 billion. After the sale, JPMorgan Chase's latest number of shares held is 1.5 billion shares, and the number of shares in good depot decreased from 8.09% to 7.82%.
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.