Zhongtong Express-W (02057.HK) received an increase in J.P. Morgan's holdings of 192,700 other shares, worth approximately HK$32.9353 million

Futu News ·  12/01/2023 17:04

According to reports on December 1, according to documents disclosed by the Hong Kong Stock Exchange on December 1, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on November 27 by a total of HK$170.8787 per share on the market and HK$170.6101 per share on the market on November 27$ZTO EXPRESS-W (02057.HK)$192,700 other shares, worth approximately HK$32.9353 million. After increasing its holdings, the latest number of shares held by J.P. Morgan Chase was 42.7388 million shares, and the good position ratio rose from 6.98% to 7.01%.

Supplementary information: As of Date of Relevant Event, ZTO EXPRESS CAYMAN INC competitive share capital 609,009,010 of class A shares


What is disclosure of interests?

According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies linked to the listed company.

Why is disclosure of interests important?

Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.

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