China International reveals existence of potential buyers of subsidiary

CHINA International Holdings has been approached by various investor groups in connection with a potential acquisition of a subsidiary, the diversified investment holding company announced on Tuesday after the market closed.

Discussions are preliminary and there is no certainty or assurance that they will result in any deal, the company added.

The company's board is advising shareholders and investors to exercise caution when dealing in China International shares.

China International's businesses are involved in energy and natural resources, water supply services and land and real estate property development.

The company's shares did not trade on Tuesday, but were last bid at 9.4 Singapore cents.