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Sichuan Expressway transfers 50m shares to pension fund

By Bi Xiaoning | China Daily | Updated: 2009-07-31 08:00

Sichuan Expressway Co has transferred 50 million of its newly listed shares to the national pension fund as per the recent government directive.

So far, 13 to-be listed (or newly listed) State-owned companies have submitted share transfer plans to the national pension fund, involving transfer of nearly 2 billion shares.

Sichuan Expressway was the first firm to complete the transfer, the National Social Security Fund (NSSF) said yesterday.

Sichuan Expressway transfers 50m shares to pension fund

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