Inc. said conglomerate Hutchison Whampoa Ltd. and sister property developer Cheung Kong (Holdings) Ltd., sold about 3.8 million shares, their remaining interest in the online travel company.

The company said the shares was sold in an at-the-market offering, underwritten by Goldman Sachs & Co, and the sale is expected to close on Dec 7.

Hutchison Whampoa and Cheung Kong are controlled by Hong Kong billionaire Li Ka-shing, the Chinese territory's richest man.

The companies began reducing ownership in Priceline earlier this year, selling 8.9 million shares, or a 22 percent stake, in an underwritten offer in September.

Li, through his companies, owned more than 32 percent of, as of November 2005, and has had a stake since 2001.

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