On May 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 13, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings on May 7 with an average price of HK$34.0017 per share on the market and an average price of HK$33.9836 per share outside the market$SINOHYTEC (02402.HK)$38,900 H shares worth approximately HK$1,322,700. After the increase in holdings, the latest number of shares held by J.P. Morgan Chase was 1,315,600 shares, and the good position ratio increased from 4.98% to 5.13%.
What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company 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.