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Shares to suspend
May 19, 2009, Tuesday
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Print Edition
SHARES of Hunan Changfeng Motors Co will suspend trading from today due to possible changes in its shareholdings, adding market speculation that it would merge with Guangzhou Automobile Industry Group.
The Hunan-based sport-utility vehicle maker yesterday said its parent company, Changfeng Group, is planning to restructure its assets and will sign contracts that lead to significant changes in its shareholdings. Media reports said Guangzhou Auto will buy into Changfeng Motors. Changfeng said shares will be suspended for no more than five trading days.
The Hunan-based sport-utility vehicle maker yesterday said its parent company, Changfeng Group, is planning to restructure its assets and will sign contracts that lead to significant changes in its shareholdings. Media reports said Guangzhou Auto will buy into Changfeng Motors. Changfeng said shares will be suspended for no more than five trading days.
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