Reported on November 8th, according to the documents disclosed by the Hong Kong Stock Exchange on November 8th, JPMorgan Chase & Co. traded at an average on-exchange price of 5.4209 Hong Kong dollars per share and an average off-exchange price of 5.399 Hong Kong dollars per share for a total shareholding.$ZHEJIANGEXPRESS (00576.HK)$0.3598 million shares of H-shares, worth approximately 1.9503 million Hong Kong dollars, were acquired. After the shareholding, JPMorgan Chase & Co. now holds a total of 99.1491 million shares, increasing its shareholding percentage from 4.99% to 5.01%.
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.