Holding 8.32% subscription rights of China Construction Bank? Pictet Asset Management clarifies: not held, known by HKEX
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Pictet Asset Management of Switzerland clarifies that it does not hold a 8.32% subscription right in China Construction Bank, and the Hong Kong Stock Exchange is aware of this. On October 3rd, data from the Hong Kong Stock Exchange showed that Pictet Asset Management's holdings in China Construction Bank increased from 0.01% to 8.32%, involving approximately 20 billion shares. Pictet Asset Management stated that it did not directly purchase the underlying stocks, but holds stock derivatives with the right to purchase the relevant stocks. This news may drive up the stock price of China Construction Bank
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