On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, JPMorgan (JPMORGANCHASECO) increased its shareholding on December 9 at an average on-market price of HKD 1.6884 per share and an average off-market price of HKD 1.6892 per share.$WEIMOB INC (02013.HK)$They acquired 9.122 million shares of common stock, valued at approximately HKD 15.4016 million. After the increase, JPMorgan's latest number of shares held is 0.238 billion shares, and the ownership ratio increased from 6.80% to 7.08%.
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 shares) must disclose their shareholding interests in listed companies. The Directors and senior executives of listed companies must disclose their share and debenture interests in both the listed company and its affiliated 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.