China Business News: UBS cuts shareholding in Maanshan Iron & Steel

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UBS cuts shareholding in Maanshan Iron & Steel

Jun. 19, 2009 (China Knowledge) - Swiss investment bank UBS AG cut its H-share holding in Maanshan Iron & Steel Co Ltd<600808><0323> to 4.83% from the previous 5.68%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.HKEx said that UBS sold 14.68 million H-shares of the Chinese company for HK$75.49 million on Jun. 12. The average share price of th

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