UBS Cuts Holdings in Anhui Conch Cement

Swiss investment bank UBS AG has recently cut its shareholding in Anhui Conch Cement Co Ltd to 4.89% from 5.12%, according to the Stock Exchange's SDI information.

UBS sold 1.011 million H-shares in Anhui Conch on Dec. 29, 2008, and its total H-share holding in the Chinese cement producer fell to 21.186 million from the previous 22.197 million.