什么是5%机制？On Oct 30, Swiss-Asia Financial Services Pte. Ltd. submitted the Change Report to Ministry of Finance. The report shows that Swiss-Asia Financial Services Pte. Ltd. increased their holdings in $Tokyo Cosmos Electric (6772.JP)$, with their joint shareholding ratio up from 15.48% to 16.5%.
Source: Edinet Announcement
What is the 5% shareholding reporting system?
Shareholders with holding ratio exceeding 5% must submit a Large Shareholding Report within five business days from that day. If the holding ratio increases or decreases by 1% or more after submitting a Large Shareholding Report, the holder must submit a Change Report within five business days from that day.
