US-based banking and financial services provider JPMorgan Chase & Co is reported to have increased its shareholding in China-based Anhui Conch Cement Company to 14% by purchasing 186,099 shares at a price of HKD 24.45 (€2.49/US$3.15) each. On completion of the deal, JPMorgan owns 182 million shares in the cement company.
US-based banking and financial services provider JPMorgan Chase & Co is reported to have increased its shareholding in China-based Anhui Conch Cement Company to 14% by purchasing 186,099 shares at a price of HKD 24.45 (€2.49/US$3.15) each. On completion of the deal, JPMorgan owns 182 million shares in the cement company.
