JPMorgan buys 12.37 mln shares of Hon Kwok Land

Published: 11 Oct 2009 17:20:24 PST

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Oct. 12, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co recently raised its shareholding in Hon Kwok Land Investment<0160> to 10.52% from the previous 7.94%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said that JPMorgan on Oct. 5 bought 12.37 million shares of the Hong Kong-listed firm.

However, JPMorgan did not disclose how much it spent on the deal.

Hon Kwok Land, a Hong Kong-based investment holding company, is mainly engaged in property development, property investment and property-related activities mainly in Hong Kong, mainland China, Malaysia and Canada.