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More time needed for verdict on China's trading halt pledge

Published Thu, Jun 16, 2016 · 09:50 PM
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Shanghai

INVESTORS need more time to assess China's pledge to stamp out arbitrary stock trading halts, MSCI Inc says. China Vanke Co is shaping up as a test case.

Vanke, whose mainland-listed shares have been suspended since Dec 18 pending a reorganisation, needs more time to resume trading. The company had earlier said that its trading halt will stay in place until no longer than June 18.

The company will submit a preliminary restructuring plan to the board before June 20, and if that is approved, will propose it to th…

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