NSSF cuts stake in China Communications Construction

Published: 02 Nov 2009 19:47:13 PST

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Nov. 3, 2009 (China Knowledge) - China's National Social Security Fund, the country's national pension fund, on Oct. 28 cut its shareholding in China Communications Construction Co Ltd<1800> to 4.9% from the previous 5.07%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from the HKEx showed that NSSF last Wednesday sold 7.67 million shares of CCCC for HK$66.46 million. The average share price of the transaction was HK$8.67 apiece.

On Oct. 14 NSSF sold 10 million shares of China Coal Energy Co Ltd<601898><1898> for HK$108.8 million, cutting its H-share holding in the company to 4.99% from the previous 5.24%. The average share price of the transaction was HK$10.88 apiece, according to an earlier report from China Knowledge.

Shares of CCCC dropped 1.87% to end at HK$8.41 on Monday.