FIL raises shareholding in Dalian Port
U.S.-based investment company Fidelity International Ltd recently raised its shareholding in Dalian Port (PDA) Co Ltd to 9.13% from the previous 8.94%, according to the bourse operator Hong Kong Exchanges and Clearing.
HKEx said that FIL on Aug. 3 bought 2 million shares of Dalian Port, the leading oil and container terminal operator in China, for US$884,000. The average share price of the transaction was US$0.442 apiece.
Dalian Port said late last month that it may see a substantial decline in first-half net profit as its container segment was hit by the global economic recession.
Shares of Dalian Port slid 4.41% to stand at HK$3.47 on Thursday.
HKEx said that FIL on Aug. 3 bought 2 million shares of Dalian Port, the leading oil and container terminal operator in China, for US$884,000. The average share price of the transaction was US$0.442 apiece.
Dalian Port said late last month that it may see a substantial decline in first-half net profit as its container segment was hit by the global economic recession.
Shares of Dalian Port slid 4.41% to stand at HK$3.47 on Thursday.