The Capital Group cuts stake in China Shenhua to 4.98%

Published: 08 Oct 2009 22:20:42 PST

Top 5 News From ChinaKnowledge.com

Oct. 9, 2009 (China Knowledge) - The Capital Group Companies Inc recently cut its shareholding in China Shenhua Energy Co Ltd<601088><1088> to 4.98% from the previous 5.12%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said The Capital Group on Oct. 2 sold 4.81 million H shares of China Shenhua at share prices of up to HK$32.62 apiece.

China Shenhua Energy, the largest coal producer in the country, said its commercial coal output grew 13.3% year on year to 17.9 million tons in August, according to an earlier report from China Knowledge.

H shares of China Shenhua Energy rose 0.43% to end at HK$34.65 in the morning session today.