Business Recorder - Business & Finance https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 19:52:38 +0500 Thu, 13 Aug 2026 19:52:38 +0500 60 National Social Security Fund sells ICBC shares https://www.brecorder.com/news/6208/national-social-security-fund-sells-icbc-shares <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/icbc.jpg" width="400" height="267" />HONG KONG: The National Social Security Fund has sold HK$243.6 million ($31.3 million) worth of H shares in Industrial & Commercial Bank of China Ltd (ICBC), reducing its stake in the Chinese lender to 17.99 percent, a disclosure from the Hong Kong bourse showed.</p> <p class="MsoPlainText">The National Social Security Fund, ICBC's largest shareholder, sold 40.1 million Hong Kong-listed shares in the world's largest bank by market capitalisation at HK$6.074 each on March 1, according to the disclosure.</p> <p class="MsoPlainText">It marks the second time the fund has reduced its stake in ICBC after selling 15.296 million H shares at HK$6.30 each on April 9 last year, reducing its holding to 18.99 percent, data from the disclosure showed.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> HONG KONG: The National Social Security Fund has sold HK$243.6 million ($31.3 million) worth of H shares in Industrial & Commercial Bank of China Ltd (ICBC), reducing its stake in the Chinese lender to 17.99 percent, a disclosure from the Hong Kong bourse showed.

The National Social Security Fund, ICBC's largest shareholder, sold 40.1 million Hong Kong-listed shares in the world's largest bank by market capitalisation at HK$6.074 each on March 1, according to the disclosure.

It marks the second time the fund has reduced its stake in ICBC after selling 15.296 million H shares at HK$6.30 each on April 9 last year, reducing its holding to 18.99 percent, data from the disclosure showed.

Copyright Reuters, 2011

]]> Business & Finance https://www.brecorder.com/news/6208 Tue, 08 Mar 2011 17:25:39 +0500 none@none.com (Abdul Ahad)