Nov. 24, 2009 (China Knowledge) - The Children's Investment Master Fund, a unit of The Children's Investment Fund Management (UK) LLP, a London-based hedge fund manager, on Nov. 19 reduced its shareholding in The Link Real Estate Investment Trust<0823> to 7.99% from the previous 8.1%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that TCI on Thursday sold 2.16 million units of The Link REIT. The average transaction price was HK$17.23 per unit.

Hong Kong-listed The Link REIT, which runs 180 parking garages and malls in Hong Kong, reported a distributable income of HK$1.06 billion for the six months ended on Sep. 30. The figure reflects a 19.3% increase from the HK$884 million recorded in the same period of last year.

Shares of The Link REIT rose 3.53% to close at HK$19.36 yesterday.