JPMorgan raises stake in Ausnutria Dairy to 6.29%

Published: 19 Oct 2009 17:39:35 PST

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Oct. 20, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co recently raised its shareholding in Ausnutria Dairy Corp Ltd<1717> to 6.29% from the previous 5.07%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that JPMorgan on Oct. 12 bought 12.25 million shares of Ausnutria Dairy for a total of HK$61.99 million. The average share price of the transaction was HK$5.06 apiece.

Changsha-based Ausnutria Dairy is a Sino-Australian joint venture that imports and distributes its own brand of milk powder.

Shares of Ausnutria Dairy rose 0.21% to end at HK$4.87 yesterday.