Shareholder Buys 8.44M Shares Of Liuzhou Chemical

Date:2011-09-02     Source:hankunlile  Text Size:

September 1 -- Edmond De Rothschild Asset Management Hong Kong Limited, shareholder of Liuzhou Chemical Industry Company (600423.SH), purchased 8.44 million shares in the listed company through a QFII (Qualified Foreign Institutional Investors) account, reports, citing a company filing. The figure accounts for 2.11 percent of the listed company’s total share capital.

The share acquisition raises Edmond De Rothschild’s holdings in the listed company from five percent to the current 6.65 percent.

QFII allows foreign investors to indirectly purchase stock in mainland China.


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