Hutchison Whampoa and Cheung Kong (Holdings), both controlled by Li Ka-shing, have reaped almost HK$1.2 billion by selling their entire stakes in Priceline.com, an online travel service provider listed on the Nasdaq Stock Market.
Priceline said Hutchison and Cheung Kong sold a combined 3.8 million shares in the company.
The stock closed at US$40.31 on Monday.
The sale, handled by Goldman Sachs, is expected to close tomorrow.
Hutchison said the deal will not affect its co-operation with Priceline.
Hutchison owns 65 per cent of Hutchison-Priceline, which provides online travel booking services for Asian markets such as Hong Kong, Singapore and Taiwan.
'No changes will be seen in our long-term co-operation in Hutchison-Priceline,' a spokesman for Hutchison said.