U.S.-based investment company Fidelity International Ltd recently reduced its shareholding in Dalian Port Co Ltd (PDA) to 8.83% from the previous 9.17%, according to the bourse operator Hong Kong Exchanges and Clearing.
Statistics from the HKEx showed that Fidelity sold approximately 3.64 million shares of Dalian Port for US$1.47 million on Dec. 2. The average share price of the transaction was US$0.41 apiece.
Dalian Port said in October this year that it intends to issue up to 1.2 billion A shares in mainland China. The company plans to use the proceeds from the issuance to buy the remaining core port assets from its parent company Dalian Port Group.
Shares of Dalian Port fell 1.61% to end at HK$3.06 on Monday.
Statistics from the HKEx showed that Fidelity sold approximately 3.64 million shares of Dalian Port for US$1.47 million on Dec. 2. The average share price of the transaction was US$0.41 apiece.
Dalian Port said in October this year that it intends to issue up to 1.2 billion A shares in mainland China. The company plans to use the proceeds from the issuance to buy the remaining core port assets from its parent company Dalian Port Group.
Shares of Dalian Port fell 1.61% to end at HK$3.06 on Monday.