On October 29, according to the documents disclosed by the Hong Kong Stock Exchange on October 29, JPMorgan Chase & Co. increased its shareholding by acquiring an average of 24.6534 Hong Kong dollars per share on the exchange and 24.663 Hong Kong dollars per share off-exchange on October 23, totaling.$SINOHYTEC (02402.HK)$0.2363 million H shares, valued at approximately 5.8256 million Hong Kong dollars. After the increase in shareholding, JPMorgan's latest shareholding number is 1.8628 million shares, and the stake ratio has increased from 4.53% to 5.19%.
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.