JPMorgan air filter Chase reduces holding in Dongfeng Motor to 9.99%
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JPMorgan Chase reduces holding in Dongfeng Motor to 9.99%Published: 11 Dec 2008 02:27:45 PSTDec. 11, 2008 (China Knowledge) — U.S.-based financial holding company JPMorgan Chase & Co has reduced its H-share holding in Dongfeng Motor Group Co Ltd<489> to 9.99% from the previous 10.04%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<388>. JPMorgan Chase sold 1.61 million H-shares in Dongfeng Motor on the HKEx on Dec, 4, at an average price of HK$2.03 apiece. After the deal, the number of H-shares of JPMorgan holds in the Chinese automaker was reduced to 285.152 million from 286.762 million.Shares of Dongfeng Motor rocketed 19.90% to stand at HK$2.47 on Wednesday.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News深圳搬家 北京翻译公司 厂房装修 苏州物流公司 RTA cabinets cheap kitchen cabinets クレジットカード 現金化 口コミ lithium polymer bathroom vanities