On December 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 24, JPMORGANCHASECO increased its shareholding on December 18 at an average on-market price of HKD 0.7826 per share and an average off-market price of HKD 0.7828 per share.$KINGKEY FIN INT (01468.HK)$A total of 7.09 million ordinary shares were acquired, valued at approximately HKD 5.5486 million. After the shareholding increase, JPMorgan's latest number of shares held is 61.9753 million, with the shareholding ratio rising from 4.99% to 5.64%.
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.