Commonwealth Bank cuts holdings in CNOOC
Commonwealth Bank of Australia, the second largest bank in the country, has cut its shareholding in CNOOC Ltd<883>
The Australian lender has sold 4.846 million shares of CNOOC for HK$ 26.818 million. The average price of the share transaction was HK$ 5.534 apiece. At present, the Australian lender still owns 137.548 million shares in the Chinese offshore oil giant, compared with the previous 142.394 million shares.
Reportedly, Commonwealth Bank also sold 47.50 million H-shares in China Telecom<728>
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