Chinese sell slice of FMG

CHINA’S Hunan Valin Iron and Steel Group Company has sold part of its stake in Fortescue Metals Group.

Chinese sell slice of FMG Chinese sell slice of FMG Chinese sell slice of FMG Chinese sell slice of FMG Chinese sell slice of FMG

Hunan Valin said it and its associates had disposed of a 1.26% stake in FMG.

The company sold 29.2 million shares on market in September for $218 million, and this month exchanged US$53.