JPMorgan Boosts Stake in Hong Kong-Listed Firms By HK$3.3 Billion

MT Newswires Live06-07

JPMorgan purchased HK$3.3 billion of shares in Hong Kong-listed Chinese companies in just one day, Yicai Global reported Thursday.

The US bank increased its stake in China Merchants Bank (HKG:3968, SHA:600036) to 6.5% through the purchase of 40.3 million shares at HK$33.35 apiece, the report said.

JP Morgan boosted its shareholding in China Tourism Group Duty Free (HKG:1880, SHA:601888) to 11.2% by buying 73.9 million shares at an average of HK$65.05 apiece, and in Bilibili (HKG:9626) by 14.3 million shares or HK$154 million, Yicai said.

The US bank also raised its shareholding in HKEX (HKG:0388) by 64.7 million shares at an average price of HK$263.75 apiece to 6.3%, the report said.

Price (HKD): $35.45, Change: $+0.05, Percent Change: +0.14%

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