JPMorgan cuts stake in Cheung Kong to 4.93%
Published: 18 Oct 2009 18:20:24 PSTOct. 19, 2009 (China Knowledge) – U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in Cheung Kong (Holdings) Ltd<0001> to 4.93% from the previous 5.03%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that JPMorgan on Oct. 12 sold 2.31 million shares of Cheung Kong for a total of HK$224 million. The average share price of the transaction was HK$96.78 apiece. Cheung Kong is the flagship of the Cheung Kong Group, headquartered in Hong Kong, and one of Hong Kong's leading multi-national conglomerates. Shares of Cheung Kong dropped 0.85% to end at HK$99.55 on Friday. Copyright © 2009 www.chinaknowledge.com |
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