29.07.2010 - CIC sells another $125mln of Morgan Stanley stock
From Dow Jones: China Investment Corp. continued to sell shares of Morgan Stanley (MS), unloading another $125 million of the stock, according to a recent filing with the U.S. Securities and Exchange Commission. The stock sale, made in two separate transactions, follows CIC's $138.5-million sale of 5.1 million of the investment bank's shares last week. CIC, whose stake in Morgan Stanley rose to more than 10% last month, may have sold the shares to avoid more regulatory scrutiny as ownership above that percentage could mean additional disclosure requirements..............................................Full Article: Source
Print