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JPMorgan Chase ups stake in ZTE

by Matt Kapko
written by Matt Kapko Share
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JPMorgan Chase & Co. (JPM) has upped its stake in ZTE Corp. The bank bought 1.43 million shares of the Chinese vendor for $5.57 million, according to a numbers released by the Hong Kong Stock Exchange last week.
The transaction effectively increases JPMorgan’s stake in the company from 11.87% to 12.14%. The per share price came down to $3.89.

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Former Feature writer for RCR Wireless NewsCurrently writing for CIOhttp://www.CIO.com/ Matt Kapko specializes in the convergence of social media, mobility, digital marketing and technology. As a senior writer at CIO.com, Matt covers social media and enterprise collaboration. Matt is a former editor and reporter for ClickZ, RCR Wireless News, paidContent and mocoNews, iMedia Connection, Bay City News Service, the Half Moon Bay Review, and several other Web and print publications. Matt lives in a nearly century-old craftsman in Long Beach, Calif. He enjoys traveling and hitting the road with his wife, going to shows, rooting for the 49ers, gardening and reading.

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