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US JPMorgan cuts interest in China's Anhui Conch Cement to 20.94%

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

Symbols: JPM, AHCHY

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Nov 17, 2009 (M2 EQUITYBITES via COMTEX) --
JPM | Quote | Chart | News | PowerRating -- 17 November 2009 - US financial group JPMorgan (NYSE:JPM) has lowered
its stake in Chinese clinker and cement products maker Anhui Conch
Cement Co (HKG:0914) to 20.94% from 21%, China Knowledge reported on
Tuesday, citing data by the Hong Kong bourse operator.

JPMorgan sold 287,000 million of Anhui Conch's H shares at an average
price of HKD52.97 (USD6.84/EUR4.59) per share, or HKD15.2m in total, on
11 November, under stock market information.

H shares of Anhui Conch fell 1.86% to close at HKD52.65 on Monday.

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For full details on JPMorgan Chase and Co. (JPM) JPM. JPMorgan Chase and Co. (JPM) has Short Term PowerRatings at TradingMarkets. Details on JPMorgan Chase and Co. (JPM) Short Term PowerRatings is available at This Link.

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

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