According to documents disclosed by the Hong Kong Stock Exchange on June 26th, JPMorgan Chase & Co. increased their shareholding with an average on-exchange price of HKD 60.6232 per share and an off-exchange price of HKD 60.6071 per share on June 20th.$ANGELALIGN (06699.HK)$They acquired 562,600 ordinary shares with a total value of approximately HKD 34,106,600. After the shareholding increase, JPMorgan Chase's latest number of holdings is 30,903,000 shares, and the favorable warehouse ratio increased from 17.92% to 18.26%.
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 company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related 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.