Rochester, NY 8/26/2009 8:30:33 PM
T. Rowe Price Group, Inc. TROW Hong Kong Exchanges and Clearing confirms a 4.93% stake cut by T. Rowe Price in Hutchison Telecom
T. Rowe Price Group, Inc.
T. Rowe Price Associates Group Inc, a publicly owned holding investment manager. providing services to corporations, corporate, public, and Taft-Hartley retirement plans, foundations, and endowments, recently cut its shareholding in Hutchison Telecommunications International Ltd to 4.93% from the previous 5.04%, according to the bourse operator Hong Kong Exchanges and Clearing.
On August 14 Hutchison Telecom, a unit of Hong Kong conglomerate Hutchison Whampoa, said that T. Rowe Price sold 5.12 million H shares of the telecom company for US$8.89 million with the average share price of US$1.74 each.
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