JPMorgan raises stake in China Suntien Green Energy to 13.87%
(ADPnews) - Oct 26, 2010 - JPMorgan (NYSE:JPM) increased its stake in China Suntien Green Energy Corp (HKG:0956) to 13.87% from 11.31%, stock information provider Chinesestock reported yesterday.
JPMorgan bought around 12.6 million shares at HKD 2.59 (USD 0.33/EUR 0.24) each on October 19, 2010 and around 17.7 million shares at HKD 2.69 apiece on the next day.
China Suntien is the green energy unit of Chinese state-owned construction company Hebei Construction Group Company Ltd and operates one wind farm. The firm raised USD 369 million (EUR 264.5m) in an initial public offering (IPO) at the beginning of October this year and started trading on October 13, 2010.