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Glorious Property shares halted pending privatisation notice

Founder Zhang is trying again to go private after failing to succeed in 2013

Published Mon, Aug 8, 2016 · 09:50 PM
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Hong Kong

SHARES in Chinese property developer Glorious Property Holdings Ltd were suspended on Monday in Hong Kong pending an announcement about a privatisation bid by the company's founder and controlling shareholder.

Glorious Property requested a halt in trading at 9am local time ahead of an announcement "containing inside information in relation to a possible privatisation by the controlling shareholder of the company", …

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