According to documents disclosed by the Hong Kong Stock Exchange on June 9, JPMorgan (JPMORGANCHASECO) increased its shareholding on June 3 by trading at a weighted average price of HKD 55.6573 per share on the exchange and HKD 55.5716 per share off-exchange, totaling 0.3137 million ordinary shares, valued at approximately HKD 17.4575 million.$ANGELALIGN (06699.HK)$After the increase, JPMorgan's latest number of shares held is 12.2142 million, with the good stock ratio rising from 6.99% to 7.18%.
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 shareholding interests in listed companies. Directors and senior executives of the listed companies must disclose their share and bond interests in the listed company and its associated companies.
Why is equity disclosure important?
Equity disclosure allows investors to identify (1) individuals who control or have the ability to control the shares of a company listed in Hong Kong, and (2) individuals who may benefit from transactions involving related entities of the listed company.
