Brief: Continental Holdings Ltd clarifies on unusual price and trading volume movements of shares

Continental Holdings

26/08/2016 12:05

Aug 26 (Reuters) - Continental Holdings Ltd  0513.HK : 
 * H-...more (1) unusual price and trading volume movements, (2) press clarification announcement and (3) resumption of trading  0513.HK  
 * Noted the unusual increase in price and trading volume of the shares of the company 
 * While it has been approached by several potential purchasers, only one non-legally binding letter of intent is subsisting which was entered into with an investor 
 * Save as disclosed co not aware of any reasons for these price and trading volume movements 
 * Board noted there was press article stating that group is in final stage of negotiation with a Chinese party for sale of its majority stake in a commercial building 
 * Application has been made for the resumption of trading in the shares of the company with effect from 9:00 a.m. on 29 August 2016 
 * Negotiation with a Chinese party for sale of its majority stake in a commercial building situated in central, Hong Kong for about hk$1 billion 
 
 * Source text for Eikon  ID:nHKS1Z4xm4  
 
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