Capital Research and Management cuts stake in Hongkong Electric
Published: 21 Sep 2009 18:28:41 PSTSep. 22, 2009 (China Knowledge) - Capital Research and Management Co, an investment arm of U.S.-based Capital Group, has reduced its shareholding in Hongkong Electric Holdings Ltd<0006> to 7.98% from the previous 8.06%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that Capital Research and Management on Sept. 17 sold 1.64 million shares of Hongkong Electric for HK$70 million. The average share price of the transaction was HK$42.72 per share. Hongkong Electric and its subsidiaries are mainly engaged in the generation and supply of electricity. Shares of Hongkong Electric dropped 0.24% to end at HK$42.45 yesterday. Copyright © 2009 www.chinaknowledge.com |
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