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Content provided by : China Knowledge
27 Feb 2009
Platinum Asia Fund cuts stake in Xiamen International Port

Platinum Asia Fund sold 3.1 million shares in Xiamen International Port Co Ltd<3378> on Feb. 20, according to statistics released by the Hong Kong Stock Exchange (HKEx).

Platinum Asia Fund sold the 3.1 million shares at the average price of HK$0.8 apiece. After the deal, its shareholding in the Chinese company reduced to 7.79% from the previous 8.11%.

Xiamen International Port, along with its subsidiaries, is principally engaged in container, bulk and general cargo loading and unloading businesses at Dongdu port area and Haicang port area in Xiamen, according to the company's profile.

Shares of Xiamen International Port ended flat at HK$0.78 on Thursday.