JPMorgan Chase raises holdings in Sinopec
Published: 23 Dec 2008 01:38:01 PSTDec. 23, 2008 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co has raised its shareholding in Sinopec<600028><386><SNP> to 11.17% from 10.86% on Dec. 12, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<388>. JPMorgan Chase has acquired 51.74 million H-shares in Sinopec for HK$273 million. The average price of the share transaction was HK$5.28 apiece, according to the information released by the HKEx. H-shares of Sinopec tumbled 4.42% to end at HK$4.99 on Dec. 22. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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