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UBS cuts shareholdings in several Chinese firms

Jun. 17, 2009 (China Knowledge) - Swiss investment bank UBS AG cut its shareholdings in several Chinese companies on Jun. 10, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.HKEx said that UBS cut its shareholding in Maanshan Iron & Steel Co Ltd<600808><0323> to 6.43%, selling 10.77 million H-shares for HK$54.57 million.It also sold 2.77 million

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