Brief: Grand Concord says noted increase in price and trading volume of shares

Greatime International Holdings

23/05/2016 24:55

May 23 (Reuters) - Grand Concord International Holdings Ltd  0844.HK : 
 * Announcement pursuant to rule 3.7 of the takeovers code and rule 13.09 of the 
listing rules regarding possible disposal of shares by the controlling shareholder and unusual price and trading volume movements and resumption of 
trading 
 * Noted the recent increase in the price and trading volume of the shares of 
the company 
 * Approaches have been entirely exploratory at this stage; Global Wisdom has not entered into any agreement with respect to potential disposal 
 * Application has been made to the stock exchange for the resumption of trading in the shares with effect from 9:00 a.m. on 23 May 2016 
 * Informed by global wisdom capital that third parties approached it regarding 
possibility of sale and purchase of Global Wisdom's interest in co 
 * Save as disclosed, it is not aware of any reason for such increase 
 
  Source text for Eikon  ID:nHKSdz8x5  
 
((For more news, please click here  0844.HK ))  
((Bengaluru Newsroom; +91 806749 1130))