BNP Paribas Asset Mgmt cuts stake in China's Chongqing Iron and Steel to 4.84%

Posted on: Tue, 17 Nov 2009 07:16:00 EST


Symbols: BNPZY
Nov 17, 2009 (M2 EQUITYBITES via COMTEX) --
BNPZY | Quote | Chart | News | PowerRating -- 17 November 2009 - BNP Paribas Asset Management, part of French bank
BNP Paribas (EPA:BNP), has recently reduced its shareholder interest in
China's Chongqing Iron & Steel Co Ltd (HKG:1053;SHA:601005) to 4.84%
from 5.25%, China Knowledge reported today, citing data by the Hong
Kong bourse operator.

In particular, BNP Paribas Asset Management sold 2.26 million H shares
of the Chinese iron and steel maker at an average price of HKD3.06
(USD0.395/EUR0.265) per share, or HKD6.91m in total.

Chongqing Iron's H shares closed 4.4% higher at HKD3.1 on Monday.

Comments on this story may be sent to admin@m2.com

For full details on (BNPZY) BNPZY. (BNPZY) has Short Term PowerRatings at TradingMarkets. Details on (BNPZY) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday February 11 04:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.