How much did BlackRock gain or lose from the China Telecom sale?

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BlackRock's Financial Outcome from China Telecom Sale Remains Undetermined

Information regarding the specific financial gain or loss BlackRock incurred from its recent sale of China Telecom shares is not available. The transaction involved the disposal of 818 million shares at an average price of HK$1.92 each, a figure that was 12% below the closing price on the preceding Tuesday. This sale collectively amounted to US$206 million and significantly reduced BlackRock's holdings in China Telecom from 6.1% to a mere 0.2%.
Details of the Share Disposal

BlackRock divested 818 million shares in China Telecom, a company now subject to a US investment ban. The average selling price was HK$1.92 per share, which represented a discount of 12% compared to the stock's closing price on Tuesday. The total value of this transaction reached US$206 million.
Reduction in Stake

Following this substantial sale, BlackRock's ownership stake in China Telecom has been drastically reduced. Prior to the transaction, BlackRock held 6.1% of the company's shares. After the sale, this stake has diminished to 0.2%.
Context of the Sale

This divestment occurred as US investors sought to exit stocks affected by new US sanctions that prohibit American ownership of companies perceived to have ties with China's military. BlackRock had previously indicated that its index funds were adjusting holdings to align with decisions by index providers like MSCI Inc, FTSE Russell, and S&P Dow Jones Indices to remove affected companies, including China Telecom, from their benchmarks.

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How much did BlackRock gain or lose from the China Telecom sale?

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