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Shareholder sells
February 6, 2009, Friday
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Print Edition
Print Edition
CITIC Securities Co, China's largest brokerage by market value, said shareholder Youngor Group Co sold more than 3 percent of the company as of yesterday.
Youngor had sold 174.9 million shares since its holding of the brokerage became tradable, the Beijing-based broker said in a statement to Shanghai Stock Exchange yesterday, citing a letter from Youngor. Yongor's reduction had exceeded 2 percent of the brokerage's share capital as of November 11, CITIC Securities said on November 12. Youngor, a shirt maker and an initial shareholder of the brokerage, still holds more than 147 million tradable shares in the broker.
Youngor had sold 174.9 million shares since its holding of the brokerage became tradable, the Beijing-based broker said in a statement to Shanghai Stock Exchange yesterday, citing a letter from Youngor. Yongor's reduction had exceeded 2 percent of the brokerage's share capital as of November 11, CITIC Securities said on November 12. Youngor, a shirt maker and an initial shareholder of the brokerage, still holds more than 147 million tradable shares in the broker.
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