Thursday, June 10, 2010

JP Morgan Buys MORE Yanzhou Coal, Upping Stake to 13.23% (JPM; YZC)

Just yesterday we posted JPMorgan increases stake in China's Yanzhou Coal to 11.13% Loses Money on Coal Trade (JPM; YZC).
This morning Chinavestor tells us:
U.S.-based financial holding company JPMorgan Chase & Co (NYSE:JPM) has raised its shareholding in Yanzhou Coal (HKG:1171) (NYSE:YZC) to 13.23% from 12.84% on June 7, according to the bourse operator Hong Kong Exchanges and Clearing (HKG:0388)....