On December 13, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 13, JPMORGANCHASECO increased its shareholding on December 9 at an average on-market price of HKD 8.0545 per share and an off-market average price of HKD 8.0372 per share in total.$JIANGSU EXPRESS (00177.HK)$The increase amounted to 0.4055 million shares listed in Hong Kong, valued at approximately HKD 3.2662 million. After the increase, JPMorgan's latest number of shares held is 73.3508 million shares, and the shareholding ratio increased from 5.96% to 6.00%.
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.