JPMorgan sells 10.43 mln shares in Chalco
Published: 14 May 2009 18:09:57 PSTMay 15, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co has cut its shareholding in Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH> to 5.87% from the previous 6.13%, according to bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. On May 8, JPMorgan sold 10.43 million H-shares in Chalco, the nation's largest aluminum producer, for HK$77.47 million. The average share price of the transaction was HK$7.43 apiece. On the same day, JPMorgan also cut its shareholdings in China Shipping Container Lines Co Ltd<601866><2866> to 9.87% from 10.28%, selling 15.23 million H-shares in the company for HK$32.89 million or HK$2.16 per share. Copyright © 2009 www.chinaknowledge.com |
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