On December 10, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 10, JPMorgan increased its shareholding on December 5 at an average on-market price of HK$17.9757 per share and an average off-market price of HK$18.1786 per share in total.$TONGCHENGTRAVEL (00780.HK)$1.4467 million ordinary shares, valued at approximately HK$26.0058 million. After the shareholding increase, JPMorgan's latest number of shares held is 0.117 billion shares, with the shareholding ratio rising from 4.98% to 5.04%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more) must disclose their shareholdings in the listed company. Directors and senior executives of the listed company must disclose their equity interests in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure allows investors to identify (1) persons who control or have the ability to control the equity interests in the listed company, and (2) persons who may benefit from transactions involving entities related to the listed company.