Aberdeen Asia arm: No plans to further cut Rio stake

HONG KONG (Reuters) - Aberdeen Asset Management Plc's (ADN.L) Asian division has no current plans to trim its Rio Tinto Holdings (RIO.AX) (RIO.L) after selling a partial stake to Chinalco and Alcoa (AA.N) earlier this year, its top Asia executive said on Tuesday.

"They have just negotiated a good price for their iron ore with China ... and Rio is a fantastic company," Hugh Young, managing director of Aberdeen Asset Management Asia, told Reuters.

"We are waiting to see what happens really."

(Reporting by Jeffrey Hodgson; Editing by Anne Marie Roantree)