China Business News: GE Asset raises stake in Chongqing Machinery to 6.18%

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GE Asset raises stake in Chongqing Machinery to 6.18%

Aug. 24, 2009 (China Knowledge) - GE Asset Management Inc, a wholly-owned subsidiary of General Electric Co, on Aug. 17 raised its stake in Chongqing Machinery & Electronic Co<2722> to 6.18% from the previous 5.99%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that GE Asset bought 2.13 million shares of Chongqing Machinery f

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