Templeton Asset Management Ltd, a subsidiary of California-based investment management organization Franklin Resources Inc, has increased its shareholding in Yanzhou Coal Mining Co to 6.34% from the 5.98% it held earlier, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx).
Information from HKEx showed that Templeton on Jun. 1 bought 7.11 million H-shares in Yanzhou Coal Mining for HK$75.05 million. The average price of the transaction was HK$10.56 per share.
On May 25, JPMorgan purchased 4.75 million shares in Yanzhou Coal Mining at an average price of HK$9.2 apiece, raising its shareholding to 5.08% from 4.84%. The transaction cost JPMorgan a total of HK$43.72 million, according to an earlier report from China Knowledge.
Source: China Knowledge
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