JPMorgan Boosts Sinopec Shanghai Petrochemical Stake

By Gordon Wilcox
June 03, 2010 9:14 AM

Symbols: JPM, SHI

Posted in: News, M&A, Global, Intraday Update

JPMorgan Chase (NYSE: JPM), the second-largest U.S. bank and a member of the Dow Jones Industrial Average, increased its stake in Sinopec Shanghai Petrochemical (NYSE: SHI) 7.04% from 6.94% on June 1, according to Hong Kong Exchanges and Clearing.

JPMorgan paid about $900,000 for 2.378 million H-shares in Sinopec Shanghai, Hong Kong Exchanges and Clearing said.

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JPMorgan Boosts Sinopec Shanghai Petrochemical Stake

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