FMG 1.17% $17.73 fortescue ltd

From AFRChinese property developer Hopson has requested a...

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    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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