Mirae As Flanged ball valve set raises stake in Zhuzhou CSR to 5.01%

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Mirae As Flanged ball valve set raises stake in Zhuzhou CSR to 5.01%
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Mirae Asset raises stake in Zhuzhou CSR to 5.01%Published: 21 Aug 2009 00:41:52 PST

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Aug. 21, 2009 (China Knowledge) – Mirae Asset Global Investments (Hong Kong) Ltd recently raised its stake in Zhuzhou CSR Times Electric Co Ltd<3898> to 5.01% from the previous 4.97%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

HKEx said that Mirae Asset on Aug. 17 bought 170,000 shares of the Chinese company for HK$2 million. The average share price of the transaction was HK$11.75 apiece.

Shares of Zhuzhou CSR gained 4.30% to end at HK$12.12 on Friday.


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