FIL raises stake in Dalian Port again
U.S.-based investment company Fidelity International Ltd recently raised its shareholding in Dalian Port (PDA) Co Ltd to 11.05% from the previous 10.93%, according to the bourse operator Hong Kong Exchanges and Clearing.
HKEx said that FIL on Aug. 18 bought 1.23 million shares of Dalian Port for US$506,800 million. The average share price of the transaction was US$0.41 per share.
This is the fourth time in a month that FIL has raised its shareholding in Dalian Port. The company bought a total of 25.78 million shares of the Chinese company from Jul. 24 to Aug. 11.
Shares of Dalian Port gained 6.36% to end at HK$3.51 today.
HKEx said that FIL on Aug. 18 bought 1.23 million shares of Dalian Port for US$506,800 million. The average share price of the transaction was US$0.41 per share.
This is the fourth time in a month that FIL has raised its shareholding in Dalian Port. The company bought a total of 25.78 million shares of the Chinese company from Jul. 24 to Aug. 11.
Shares of Dalian Port gained 6.36% to end at HK$3.51 today.