JPMorgan cuts stake in CMB to 12.97%
Published: 11 Aug 2009 01:19:31 PSTAug. 11, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in China Merchants Bank<600036><3968> to 12.97% from the previous 13.13%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from the HKEx showed that JPMorgan sold 5.64 million H shares of the Chinese lender on Aug. 5 for US$102.5 million. The average share price of the transaction was US$18.17 per share. H shares of CMB edged up 0.80% to end at HK$17.74 on Tuesday. Copyright © 2009 www.chinaknowledge.com |
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