Mirae Asset Global Investments (Hong Kong) Ltd, a wholly-owned subsidiary of the world's largest independent financial group Mirae Asset Financial Group, has cut its shareholding in China Guangzhou Shipyard International Co. Ltd (GSI)<600685><317> to 6.97% from the previous 7.03%, according to Mirae Asset's statement with the Hong Kong Stock Exchange.
Mirae Asset has sold 104,000 shares in GSI at an average price of HK$13.594 per share.
For the first six months of 2008, the Guangzhou-headquartered company's net profit and operating revenue totaled to RMB 533 million and RMB 3.08 billion, up 14.62% and 27.56% over the corresponding period of last year, respectively, according to the interim financial report of the company.
GSI has signed an agreement last month to buy a shipyard from its state-owned parent company, China State Shipbuilding Corp (CSSC), the country's biggest ship builder, for RMB 3.04 billion (US$446 million). |
