J.P. Morgan Abates Shareholding In China Coal Energy

JPMorgan Chase & Co reduced its shareholding in China Coal Energy Co Ltd to 4.87% from the previous 5.05%. According to statistics released by the Hong Kong Stock Exchange (HKEx), on 27 February, the U.S. company sold approximately 7.5 million

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JPMorgan Chase & Co reduced its shareholding in China Coal Energy Co Ltd to 4.87% from the previous 5.05%.

According to statistics released by the Hong Kong Stock Exchange (HKEx), on 27 February, the U.S. company sold approximately 7.5 million shares in China Coal Energy for HK$36.21 million. JPMorgan sold the shares at HK$4.83 apiece on average.

In addition, on 23 February, JPMorgan purchased around 5.18 million shares in China Coal Energy at HK$5.46 apiece.

L.D.

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