From Dow Jones: China Investment Corp. sold another $90.5 million of Morgan Stanley’s (MS) stock–the latest in a series of transactions–according to a regulatory filing late Tuesday.
Over a nearly two-week period, the sovereign wealth fund has now sold more than 20 million shares of the investment bank for proceeds of $557.3 million. CIC may be selling the stock to keep its ownership stake under 10% to avoid closer regulatory scrutiny……………………………………….Full Article: Source