Pacific Asset Management Raises Stake in China Shenhua with 8.11 Million Share Purchase at HK$42.55 Each

Stock News11-03 19:35

According to the latest disclosure from the Hong Kong Stock Exchange, Pacific Asset Management Co., Ltd. increased its holdings in China Shenhua (01088) by 8.1075 million shares on October 30, at a price of HK$42.5532 per share, for a total consideration of HK$345 million.

Following the increase, the company's latest shareholding stands at approximately 174 million shares, representing 5.15% of the total issued shares.

Supplementary information: Pacific Asset Management Co., Ltd. (the Company) invested in these shares as a manager acting for and on behalf of CPIC Life Insurance and certain portfolio insurance asset management products. Meanwhile, the amount invested in listed stocks also includes portions held by Changjiang Pension Insurance Co., Ltd., a related party of the Company.

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