JPMorgan cuts shareholding in Air China to 4.92%

Published: 21 Oct 2009 18:16:15 PST

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Oct. 22, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in Air China Ltd<601111><0753> to 4.92% from the previous 5.26%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that JPMorgan on Oct. 15 sold 14.99 million H shares of Air China for a total of HK$70.2 million. The average share price of the transaction was HK$4.68 apiece.

H shares of Air China, the country's flag carrier, dropped 0.89% to end at HK$4.43 yesterday.