Value Partners' co-founder raises stake in ZTE
Published: 22 Sep 2009 01:35:36 PSTSep. 22, 2009 (China Knowledge) - Cheah Co Ltd, which is controlled by Cheah Cheng Hye, the co-founder of Value Partners Ltd, recently raised stake in ZTE Corp<000063><0763> to 5.16% from the previous 4.99%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that Cheah on Sept. 16 bought 510,600 H shares of ZTE for HK$20.77 million. The average share price of the transaction was HK$40.69 apiece. Shenzhen-based ZTE is a leading global provider of telecom equipment and network solutions in China. H shares of ZTE rose 1.53% to end at HK$39.85 today. Copyright © 2009 www.chinaknowledge.com |
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