Invesco HK cuts stake in Zhejiang Expressway to 4.99%

Published: 23 Sep 2009 01:21:59 PST

Top 5 News From ChinaKnowledge.com

CIC to buy 12.91% stake in Noble Group
Focus Media posts US$23 mln of net loss in Q2
China Unicom adds 127,000 GSM users in August
Huawei to open research center in France this month
Wumart Stores eyes Shanghai market

Sep. 23, 2009 (China Knowledge) - Invesco Hong Kong Ltd recently reduced its shareholding in Zhejiang Expressway Co Ltd<0576> to 4.99% from the previous 5.11%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said that Invesco on Sep. 17 sold 1.63 million shares of Zhejiang Expressway for HK$12.13 million. The average share price of the transaction was HK$7.43 per share.

Shares of Zhejiang Expressway edged down 0.56% and ended at HK$7.16 today.