NSSF cuts stake in China Communications Construction to 7.95%
Published: 20 Sep 2009 17:46:22 PSTSep. 21, 2009 (China Knowledge) - China's National Social Security Fund, the country's national pension fund, recently cut its shareholding in China Communications Construction Co Ltd<1800> to 7.95% from the previous 8.12%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that NSSF on Sep. 11 sold 7.75 million shares of CCCC for HK$70.22 million. The average share price of the transaction was HK$9.06 per share. On Sep. 7, NSSF cut its shareholding in the Chinese company from 9.03%, selling 8.14 million shares at HK$9.22 per share. NSSF has sold a total of 47.89 million shares of CCCC from Sep. 7 to Sep. 11. Shares of CCCC dropped 1.30% to end at HK$9.08 on Friday. Copyright © 2009 www.chinaknowledge.com |
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2Entrepreneurblues
- 3AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 4ANALYSIS-CFTC cautious on position limits, set
- 5Beyond The Anti-Virus Arms Race
- 6Beware of phishing scams if you are using
- 7Help protect yourself from phishing scams and
- 8Xi'an to launch industrial zone
- 9China Longyuan Power plans HK$17.5-bln HK IPO
- 10INTERVIEW-StanChart eyes $800 mln in renewable
