Apr. 7, 2009 (China Knowledge) - Government of Singapore Investment Corp (GIC), a global investment management company established in 1981 to manage Singapore's foreign reserves, cut its H-share holdings in Sinopec Shanghai Petrochemical Co Ltd (SPC)<600688><338>
According to SPC's filing with the Hong Kong Stock Exchange (HKEx), GIC sold approximately 6.39 million H-shares in the company at the average price of HK$2.314 apiece.
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