China Business News: AllianceBernstein cuts shareholding in Sinopec to 6.76%

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Latest News :2010.02.09 Search News Or

AllianceBernstein cuts shareholding in Sinopec to 6.76%

May 19, 2009 (China Knowledge) - U.S.-based investment management firm AllianceBernstein LP recently reduced its shareholding in Sinopec<600028><0386><SNP> to 6.76% from 7.14%, according to bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. HKEx Monday said in a statement that AllianceBernstein sold 63.66 million H-shares in Sinopec for HK$399 million on May 1

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