China Business News: FMR cuts shareholding in ZTE to 9.97%

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FMR cuts shareholding in ZTE to 9.97%

May 21, 2009 (China Knowledge) - U.S.-based Fidelity Management and Research LLC (FMR LLC) recently reduced its shareholding in China's ZTE Corp<000063><0763> to 9.97% from 10.13%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. Information from the HKEx showed that FMR sold 470,000 H-shares in ZTE on May 13 for US$1.54 million. The average share

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