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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: HK's Hopson Shares Halted Pending Acquisition News
The Hong Kong stock exchange on Monday suspended share trading in Hopson Development Holdings pending a major acquisition announcement.
Separately, a report carried on the Associated Press and citing Caixin media said that a unit of the holding firm, Hopson Chuangzhan, plans to buy about a 51% stake in Evergrande Property, a unit of China Evergrande Group for more than HKD40 billion. Subsequently, Evergrande issued a statement to the Hong Kong stock exchange that its shares were suspended pending "an announcement containing inside information about a major transaction."
Hopson has not commented on the report on their websites.
Earlier on Monday, shares in China Evergrande Group traded on the Hong Kong stock exchange were suspended pending an announcement.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.