China Knowledge quoted according to the bourse operator Hong Kong Exchanges and Clearing Baring Asset Management Ltd, a global investment management firm has cut its shareholdings in Angang Steel Co to 5.54% from the previous 6.4%.

Information from HKEx showed that on January 8th Baring Asset sold 9.29 million H shares of the Chinese steelmaker. The average share price of the transaction was HKD 17.32 apiece.

On January 7th investment holding company Value Partners Group Ltd sold 720,000 shares of Zhuzhou CSR Times Electric Co Ltd for HKD 11.75 million or HKD 16.32 apiece, reducing its shareholdings in the Chinese firm to 5.93% from the previous 6.09%.

(Sourced from China Knowledge)