BACHY Bank of China Ltd (PK)

12.56

0.00 (0.00%)

23 May 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Bank of China Ltd (PK)	USOTC:BACHY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	12.56	12.08	12.90				0.00	13:20:52

Chinese State Reduces Stake in Norwegian Air to 4.92%

24/11/2020 3:29pm

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By Dominic Chopping

The Chinese state has further reduced its stake in Norwegian Air Shuttle ASA after a company controlled by the country sold a block of shares Tuesday.

BOC Aviation Ltd., a company ultimately controlled by the Chinese state, earlier this year converted lease obligations into shares in the airline that at the time represented 12.67% of the company, as part of Norwegian Air's restructuring.

It has been selling down its stake since then and in a filing Tuesday, Norwegian Air said BOC Aviation has sold a further 38.9 million shares. The sale leaves BOC Aviation with 182.1 million shares, representing a 4.92% stake.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

November 24, 2020 10:14 ET (15:14 GMT)