JP Morgan disposes 4.83 million shares in China’s Anhui Conch Cement

A total of 4.83 million shares in Anhui Conch Cement have been disposed of by JP Morgan, which is Anhui Conch Cement's substantial shareholder, at an average price of HKD 26.59 (€3.17/US$ 3.43) each, according to information released by the Hong Kong Stock Exchange. JP Morgan bagged HKD 128.43 million via the disposal and reduced its shareholding in Anhui Conch Cement to 13.98%, which is equivalent to 181.77 million shares in the latter.
July 23, 2015 Read time: 1 min

A total of 4.83 million shares in Anhui Conch Cement have been disposed of by JP Morgan, which is Anhui Conch Cement's substantial shareholder, at an average price of HKD 26.59 (€3.17/US$ 3.43) each, according to information released by the Hong Kong Stock Exchange.

JP Morgan bagged HKD 128.43 million via the disposal and reduced its shareholding in Anhui Conch Cement to 13.98%, which is equivalent to 181.77 million shares in the latter.

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JP Morgan Chase increases its Anhui cement firm shareholding

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.

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