NSSF cuts stake in China Communications Construction to 5.94%

Published: 22 Oct 2009 23:59:18 PST

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Oct. 23, 2009 (China Knowledge) - China's National Social Security Fund, the country's national pension fund, on Oct. 19 cut its shareholding in China Communications Construction Co Ltd<1800> to 5.94% from the previous 6.17%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that NSSF on Monday sold 10 million shares of CCCC for HK$87.8 million. The average share price of the transaction was HK$8.78 apiece.

The pension fund has sold a total of HK$277 million worth of shares of CCCC since early September.

Shares of CCCC dropped 1.14% to end at HK$8.64 yesterday.