Brandes Investment raises stake in SmarTone to 7.05%
Published: 11 Oct 2009 19:10:05 PSTOct. 12, 2009 (China Knowledge) - Brandes Investment Partners, L.P, a global leading investment advisory firm, recently raised its shareholding in SmarTone Telecommunications Holdings Ltd<0315> to 7.05% from the previous 6.96%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from the HKEx showed that Brandes Investment on Oct. 7 bought 451,000 shares of SmarTone for HK$2.77 million. The average share price of the transaction was HK$6.15 apiece. SmarTone Telecommunications, a leading provider of mobile phone operator in Hong Kong, is a subsidiary of Sun Hung Kai Properties Ltd<0016>, the city's largest property developer by market value. H shares of SmarTone ended almost flat at HK$6.00 on Friday. Copyright © 2009 www.chinaknowledge.com |
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