Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Stocks / IPOs
 Search News  Or
Capital Group buys HK$8 bln BOC H shares

Sep. 13, 2012 (China Knowledge) - The Capital Group Companies Inc, one of the world's largest investment management organizations, recently bought HK$8 billion worth of H shares of Bank of China Ltd<601988><3988>, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

On Sep. 3, Capital Group purchased about 2.82 billion H shares of the Chinese bank through five subsidiaries.

After the share purchase, Capital Research and Management Co holds 2.82 billion BOC H shares, Capital Guardian Trust Co holds 360 million, Capital International Inc holds 790 million, Capital International Sarl holds 250 million and Capital International Ltd holds 23.76 million.

The stake hike came after a wave of sales of stakes in Chinese lenders by foreign institutions.

Capital Group also owns 3.7 billion H shares of Agricultural Bank of China Ltd or ABC<601288><1288> and 328 million H shares of Chongqing Rural Commercial Bank Co<3618>.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved