Capital Group raises stake in China Railway Construction
Published: 27 Aug 2009 23:23:32 PSTAug. 28, 2009 (China Knowledge) - The Capital Group Companies Inc recently raised its shareholding in China Railway Construction Corp Ltd<601186><1186> to 5.02% from the previous 4.99%, according to a statement filed with the Hong Kong Stock Exchange on Aug. 24. Capital Group said that it bought 654,500 H shares of China Railway Construction, China's largest state-owned construction enterprise, for HK$7.61 million. The average share price of the transaction was HK$11.63 apiece. China Railway Construction yesterday reported that its net profit surged 46% year on year to RMB 2.22 billion in the first half of this year. H shares of China Railway Construction edged down 0.7% and end at HK$11.3 yesterday. Copyright © 2009 www.chinaknowledge.com |
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