The major shareholder of China Unicom acquired an additional 50 million shares last night, reports Oriental Morning Post.
It is the third listed central enterprise whose controlling shareholder has recently increased its share holding; the other two being Petro-China and the China Coal Energy Company.
On the same day, controlling shareholders also increased stakes in Zhongxing Business, Xinxing Ductile Iron Pipes, China Dayang Mechanical & Electrical Engineering Co., Ltd, and Youghlight Group.
Statistics from the WIND financial data service show that since the Securities and Futures Commission (SFC) amended the regulation on management of purchase of listed companies on August 28, large shareholders have bought up 223 million shares in 42 listed companies and the turnover of the Shanghai and Shenzhen A share markets has reached 636.9 billion.
For more details, please read the complete story in Chinese:
(http://www.dfdaily.com/node2/node27/node260/userobject1ai119185.shtml)
(China.org.cn by Fan Junmei, September 25, 2008)
