China Business News: FIL raises stake in Weiqiao Textile to 7.37%

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FIL raises stake in Weiqiao Textile to 7.37%

Aug. 26, 2009 (China Knowledge) - U.S.-based investment company Fidelity International Ltd recently raised its shareholding in Weiqiao Textile Co Ltd<2698> to 7.37% from the previous 6.78%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. HKEx said that FIL on Aug. 15 bought 2.45 million shares of the Chinese company for US$1.65 million. The average share price

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