Date
19 October 2017

Li Ka-shing offloads 1.2 bln yuan in ChangYuan stock, paper says

Hong Kong tycoon Li Ka-shing has sold a combined 1.2 billion yuan worth of shares in ChangYuan Group Ltd. (600525.CN), a maker of heat-shrinkable materials and the only A-share stock Li controls, the China Securities Journal reported Monday. ChangYuan said in a regulatory filing Monday that a subsidiary of Li’s Cheung Kong (Holdings) Ltd. (00001.HK) sold 33.77 million shares, or 3.91 percent of the total share capital, of the mainland company, cutting the Cheung Kong unit’s holding to 11.85 percent.

– Contact HKEJ at [email protected]

MY/AC/SK

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