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