The stock disclosure information from the exchange shows that Li Ka-shing's Canadian Fund completed the sale of a total of 20.82 million H shares of Postal Savings Bank Of China (01658.HK) on December 12 at an average price of 4.5408 yuan per share, involving a total amount of 94.539 million yuan.
After this shareholding reduction, Li Ka-shing's Canadian Fund's holdings in Postal Savings Bank Of China decreased from over 1.006 billion shares to nearly 0.986 billion shares, with the stake dropping from 5.07% to 4.96%, below the 5% level that requires disclosure.