Sep. 1, 2009 (China Knowledge) - Templeton Asset Management Ltd, a subsidiary of California-based investment management organization Franklin Resources Inc, recently raised its shareholding in Shanghai Prime Machinery Co Ltd<2345> to 9.06% from the previous 8.99%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said that Templeton on Aug. 26 bought 542,000 shares of Shanghai Prime Machinery for HK$758,300. The average share price of the transaction was HK$1.40 apiece.

Shares of Shanghai Prime Machinery declined 1.46% to end at HK$1.35 today.