Fidelity cuts stake in Dalian Port to 11.49%
U.S.-based investment company Fidelity International Ltd on Oct. 20 reduced its shareholding in Dalian Port Co Ltd (PDA) to 11.49% from the previous 12.24%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.
HKEx said that Fidelity last Tuesday sold 7.96 million shares of Dalian Port for US$3.27 million. The average share price of the transaction was US$0. 41 per share.
During the period from Jul. 27 to Aug. 18, Fidelity bought a total of 43.69 million shares of Dalian Port.
Shares of Dalian Port fell 1.29% to end at HK$3.06 in the morning session today.
HKEx said that Fidelity last Tuesday sold 7.96 million shares of Dalian Port for US$3.27 million. The average share price of the transaction was US$0. 41 per share.
During the period from Jul. 27 to Aug. 18, Fidelity bought a total of 43.69 million shares of Dalian Port.
Shares of Dalian Port fell 1.29% to end at HK$3.06 in the morning session today.