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Article: Hong Kong: Allianz sells 7.15 mln shares of Huadian Power Int l.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Allianz SE, the world's largest insurance company by market value, on Oct. 27 reduced its shareholding in Huadian Power International Corp to 7.64% from the previous 8.14%, according to the bourse operator Hong Kong Exchanges and Clearing.
HKEx said that Allianz last Tuesday sold 7.15 million H shares of Huadian Power, China's largest independent power producer, for HK$17.11 million. The average share price of the deal was HK$2.39 apiece.
Huadian ...