JPMorgan sells stake in Anhui Conch, China

JPMorgan sells stake in Anhui Conch, China
Published: 06 August 2013


JPMorgan Chase & Co sold 3.89 million H-shares (translating to a 0.3 per cent stake) in Anhui Conch Cement Co Ltd on 29 July 2013, decreasing the stake to 10.91 per cent, according to the Hong Kong Stock Exchange.

JPMorgan sold the stake at HKD22.95/share and for a total of HKD89.28m (US$11.5m).

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