BUZZ-China Merchants Energy Shipping falls on SINOPEC's stake sale plan
Reuters04-13 13:31
BUZZ-<a href="https://laohu8.com/S/CIHHF">China Merchants</a> Energy Shipping falls on SINOPEC's stake sale plan
** Shares of China Merchants Energy Shipping 601872.SS fall 5.1% to 18.1 yuan, on track for the biggest one-day pct decline since March 9
** Stock hits the lowest point since April 1; on course for the fifth consecutive session of decline
** China-based ocean shipping group says its key shareholder SINOPEC plans to unload up to 1% stake, and says the stake reduction will not affect their normal business cooperation
** YTD, stock up 102.2%, while benchmark CSI300 Index .CSI300 adds 0.2%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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