U.S.-based investment company Fidelity International Ltd recently reduced its shareholding in Dalian Port Co Ltd (PDA) to 8.83% from the previous 9.17%, according to the bourse operator Hong Kong Exchanges and Clearing.

Statistics from the HKEx showed that Fidelity sold approximately 3.64
million shares of Dalian Port for US$1.47 million on Dec. 2. The
average share price of the transaction was US$0.41 apiece.

Dalian Port said in October this year that it intends to issue up to
1.2 billion A shares in mainland China. The company plans to use the
proceeds from the issuance to buy the remaining core port assets from
its parent company Dalian Port Group.

Source: China Knowledge

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