Trading in shares of China Traditional Chinese Medicine halted -HKEX

China Traditional Chinese Medicine Holdings Co

27/01/2021 06:43

HONG KONG, Jan 27 (Reuters) - Trading in shares of China
Traditional Chinese Medicine Holdings Co Ltd  0570.HK  was
halted in afternoon trade pending a statement, Hong Kong bourse
said in a filing. 
    The shares rose 6.7% to HK$4.30 prior to the suspension. 
    A consortium led by state-owned pharma giant Sinopharm plans
to take China Traditional Chinese Medicine private in a deal
that would value it at a minimum of $3.3 billion, said two
people with direct knowledge of the matter.  urn:newsml:reuters.com:*:nL8N2K12G1

 (Reporting by Donny Kwok; Editing by Tom Hogue)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))