The Capital Group raises stake in China Shenhua to 5.02%

Published: 03 Sep 2009 01:14:52 PST

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Sep. 3, 2009 (China Knowledge) -The Capital Group Companies Inc recently cut its shareholding in China Shenhua Energy Co Ltd<601088><1088> to 5.02% from the previous 4.91%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said The Capital Group on Aug. 28 bought 3.83 million H shares of China Shenhua for nearly HK$120 million. The average share price of the transaction was HK$31.15 apiece.

On Aug. 8, The Capital Group cut its shareholding in China Shenhua to 4.84%, selling 15 million H shares at HK$32.13 per share.

H shares of China Shenhua grew 1.96% to end at HK$31.20 today.