Capital Group Companies cut stake in Postal Savings Bank of China to 3.31% from 5.36$
STOCKS
Capital Group Companies cut stake in Postal Savings Bank of China to 3.31% from 5.36$
STOCKS

Capital Group Companies cut stake in Postal Savings Bank of China to 3.31% from 5.36$

 

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US financial services firm Capital Group Companies offloaded 407 million H-shares of Postal Savings Bank of China to cash in HK$1.53 billion, according to a filing to the Hong Kong Stock Exchange. 

Its holdings in the bank fell from 5.36% to 3.31% after the disposal, below the disclosure threshold of 5%.