From AFR
Chinese property developer Hopson has requested a trading halt on the Hang Seng Stock Exchange and is thought to be taking a 51 per cent stake in one of Evergrande’s Property Group’s for $US5 billion.
Hopson’s statement said more news is “pending the release of announcement(s) in relation to a major transaction of the Company under which the Company agreed to acquire the shares of a company (“Target Company”) listed on disallowed and the relevant possible mandatory offer to acquire the shares of the Target Company pursuant to the Hong Kong Code on Takeovers and Mergers.”
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9 | 4154 | 22.430 |
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11 | 4132 | 22.410 |
Price($) | Vol. | No. |
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