Coal stake up
Source: Xinhua |
May 27, 2010, Thursday
|
Print Edition
Print Edition
UNITED States financial holding company JPMorgan Chase and Co had acquired 3.394 million shares of Hong Kong-listed Yanzhou Coal for HK$57.94 million (US$7.43 million) and lifted its stake to 11.13 percent, according to data released late Tuesday by the city's stock exchange.
The bourse said JPMorgan Chase had bought Yanzhou Coal, one of China's top coal producers based in Shandong Province, last Friday at an average price of HK$17.07 per share.
With the deal, JPMorgan Chase's stake in Yanzhou Coal rose from 10.95 percent to 11.13 percent.
The bourse said JPMorgan Chase had bought Yanzhou Coal, one of China's top coal producers based in Shandong Province, last Friday at an average price of HK$17.07 per share.
With the deal, JPMorgan Chase's stake in Yanzhou Coal rose from 10.95 percent to 11.13 percent.
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