Hong Kong tycoon Li Ka-Shing has sold HK$1.29 billion ($165.1 million) worth of shares in China COSCO Holdings Co Ltd since the beginning of this month, cutting his stake in the shipping firm to 10.83 per cent from 12.27 per cent.
Li, chairman of Cheung Kong and Hutchison, sold 14.5 million shares at HK$36.2 on November 1 and sold another 22.5 million shares at HK$33.9 on November 2, the Hong Kong Stock Exchange Web site showed.
China COSCO is the listed flagship of the country's premier shipping conglomerate. Shares of China COSCO rose 5.3 per cent to HK$31.80 in early Wednesday morning trade.
Li, chairman of Cheung Kong and Hutchison, sold 14.5 million shares at HK$36.2 on November 1 and sold another 22.5 million shares at HK$33.9 on November 2, the Hong Kong Stock Exchange Web site showed.
China COSCO is the listed flagship of the country's premier shipping conglomerate. Shares of China COSCO rose 5.3 per cent to HK$31.80 in early Wednesday morning trade.