According to the latest data from the Hong Kong Stock Exchange, on June 16th, Ping An Insurance (Group) Company of China, Ltd. reduced its holding in CHINA TELECOM (00728) by approximately 9.376 million shares.
The transaction was executed at a price of HK$4.7847 per share, resulting in a total consideration of roughly HK$448.613 million.
Following this divestment, Ping An's latest shareholding stands at about 685 million shares, representing a stake of 4.93% in the company.
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