Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 7-Mar-19
Hunan Valin Group has capitalised on the recent rally in Fortescue Metals Group’s share price by cutting its stake in the pure-play iron ore miner by 1.14 per cent, reducing it to 13.06 per cent. China-based Hunan Valin is Fortescue’s second-biggest shareholder, and acquired its initial stake of 17.4 per cent in 2009. The company last reduced its Fortescue stake in 2016.
FORTESCUE METALS GROUP LIMITED – ASX FMG, HUNAN VALIN IRON AND STEEL GROUP COMPANY LIMITED, AUSTRALIAN LABOR PARTY