UBS raises stake in China Shipping Container Lines

Published: 13 Apr 2009 19:31:53 PST

Apr. 14, 2009 (China Knowledge) - UBS AG, a premier global financial services company, raised its shareholdings in China Shipping Container Lines Co (CSCL)<601866><2866> to 6.97% from the previous 4.5%, sources reported.

According to statistics released by the Hong Kong Stock Exchange (HKEx), on Apr. 6, UBS bought approximately 92.85 million shares of the Chinese company for HK$182 million at an average price of HK$1.956 apiece.

In addition, the Switzerland-based company also lifted its H shareholdings in China Communications Construction Co Ltd<1800> and Maanshan Iron & Steel Co Ltd<600808><323> to 5.04% and 7.12% from the previous 4.96% and 6.99%, respectively.

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