Goldman Sachs, Macquarie Dump Shares in China Minsheng Bank
Xu Wei
DATE:  Nov 02 2017
/ SOURCE:  Yicai
Goldman Sachs, Macquarie Dump Shares in China Minsheng Bank Goldman Sachs, Macquarie Dump Shares in China Minsheng Bank

(Yicai Global) Nov. 2 -- The Goldman Sachs Group Inc. [NYSE:GS] and Macquarie Group Ltd. [ASX:MQG] both sold off shares in China Minsheng Banking Corp. Ltd. [SHA:600016;HKG:1988] on Oct. 26, according to the Stock Exchange of Hong Kong Ltd.

New York-based Goldman Sachs shed 125 million shares in the Chinese lender, or 1.8 percent of the bank's total equity, at a price of HKD925 million (USD119 million), or HKD7.4 (USD0.95) a share, to slash its shareholding to 4.34 percent.

Macquarie, Australia's largest investment bank, sold off 363.4 million shares at the same price, raking in nearly HKD2.69 billion (USD345 million) and cutting its holding to 73.13 million shares, or 1.05 percent of the total number issued by the lender.

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Keywords:   Goldman Sachs,Macquarie,China Minsheng Banking,Share Selloff