China Business News: Mirae Asset cuts stake in Guangzhou Shipyard to 4.87%

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Mirae Asset cuts stake in Guangzhou Shipyard to 4.87%

Aug. 20, 2009 (China Knowledge) - Mirae Asset Global Investments (Hong Kong) Ltd recently cut its shareholding in Guangzhou Shipyard International Co Ltd<600685><0317> to 4.87% from the previous 5.24%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. HKEx said that Mirae Asset on Aug. 12 sold 582,000 H shares of Guangzhou Shipyard for HK$10.21 million. T

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