Jul. 21, 2009 (China Knowledge) - The Capital Group Companies, Inc, one of the world's largest investment management organizations, recently increased its share holding in China's BYD Co<1211> to 7.02% from the previous 6.93%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.
Information from HKEx showed that Capital Group bought 500,000 shares of BYD on Jul. 13 for HK$16.75 million. The average share price of the transaction was HK$33.50 apiece.
Shares of BYD, China's largest rechargeable battery maker and a well-known automobile producer, increased 0.58% to end at HK$43 on Monday.