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T. Rowe china ball valve Price cuts stake in Guangshen Railway
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T. Rowe Price cuts stake in Guangshen RailwayPublished: 01 Sep 2009 22:41:31 PST

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Sep. 2, 2009 (China Knowledge) – T. Rowe Price Associates Group Inc, a U.S.-based financial services holding company, on Aug. 28 cut its H-share holding in Guangshen Railway Co Ltd<601333><0525> to 6.93% from the previous 7.63%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that T. Rowe Price on Friday sold 10 million H shares of Guangshen Railway for HK$35 million. The average share price of the transaction was HK$3.5 apiece.

In the past two months, the T. Rowe Price has disposed of a total of 15.65 million H shares of the Chinese company.

H shares of Guangshen Railway fell 0.3% to end at HK$3.36 yesterday.



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