Latest information from the Hong Kong Stock Exchange reveals a significant share acquisition. On June 30, Ping An Asset Management Co., Ltd. increased its holdings in China Merchants Bank (HKEX: 03968) by 22.232 million shares.
The transaction was executed at an approximate price of HK$44.6637 per share, resulting in a total investment of about HK$993 million.
Following this purchase, the asset manager's total shareholding has risen to approximately 1.203 billion shares. This represents a holding ratio of 26.20% of the bank's issued share capital.
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