(Bloomberg) -- Templeton Asset Management Ltd., an
investment company run by Mark Mobius, paid HK$475.9 million ($59
million) to increase its stake in PetroChina Co. two weeks after
billionaire Warren Buffett pared his holdings.
Templeton bought 39.3 million shares at an average HK$12.109
on July 26, Hong Kong stock exchange filings show. The investment
company is the third-largest investor in PetroChina after
increasing its share of the stock not owned by the Chinese
government to 5.14 percent from 4.9 percent.
Read more at Bloomberg Emerging Markets News
investment company run by Mark Mobius, paid HK$475.9 million ($59
million) to increase its stake in PetroChina Co. two weeks after
billionaire Warren Buffett pared his holdings.
Templeton bought 39.3 million shares at an average HK$12.109
on July 26, Hong Kong stock exchange filings show. The investment
company is the third-largest investor in PetroChina after
increasing its share of the stock not owned by the Chinese
government to 5.14 percent from 4.9 percent.
Read more at Bloomberg Emerging Markets News
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