什么是5%机制？On Nov 5, Macquarie submitted the Change Report to Ministry of Finance. The report shows that Macquarie decreased their holdings in $Delta-Fly Pharma (4598.JP)$, with their joint shareholding ratio down from 21.19% to 17.66%.
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.
