QFIIs favor Qiangsheng
By Chen Li |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
SHANGHAI Qiangsheng Holding Co appeared to have driven into the portfolio of six qualified foreign institutional investors, according to data which also indicated losing appeal of commodity firms.
In the fourth quarter of 2010, Norges Bank, ING Group and Martin Currie Investment Management Ltd raised their holdings in the local taxi operator while Citigroup Global Markets Ltd bought 4.23 million shares of the firm.
Although France's Banque Indosuez cut its stake in Qiangsheng in the last three months of 2010, it still held 5.6 million shares. These five investors and UBS AG were among the 10 biggest shareholders of the taxi firm, said Securities Times yesterday.
But UBS cut its holding in Shandong Gold Mining Co to 7.44 million shares. Credit Suisse (Hong Kong) Ltd dumped 3.22 million shares of Aluminum Corp of China Ltd.
In the fourth quarter of 2010, Norges Bank, ING Group and Martin Currie Investment Management Ltd raised their holdings in the local taxi operator while Citigroup Global Markets Ltd bought 4.23 million shares of the firm.
Although France's Banque Indosuez cut its stake in Qiangsheng in the last three months of 2010, it still held 5.6 million shares. These five investors and UBS AG were among the 10 biggest shareholders of the taxi firm, said Securities Times yesterday.
But UBS cut its holding in Shandong Gold Mining Co to 7.44 million shares. Credit Suisse (Hong Kong) Ltd dumped 3.22 million shares of Aluminum Corp of China Ltd.
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