Stocks News
- Suning Appliance halts share trading
Date: 10-Apr-2007 Sources: (Shenzhen Daily)
SUNING Appliance Co., China's second-largest electrical appliance retailer by revenue after Gome Electrical Appliances Holding Ltd., halted trading of its yuan-denominated A shares yesterday, citing a media report.
'Since the media report may have a great impact on the company's share price, the company applied to suspend its share trading,'the Shenzhen-listed company said in a statement. It didn't identify the report, but various domestic newspapers, including the Economic Observer and Shanghai Securities News, referred to an unspecified report as saying Suning will pay 3 billion yuan (US$388.09 million) to buy Beijing Dazhong Electric Appliance Co.
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