Brief: Yat Sing updates on recent movement in price,trading volume of shares

World Digital Economy Asset

29/09/2016 05:27

Sept 29 (Reuters) - Yat Sing Holdings Ltd  3708.HK  :  
    * Potential vendor and potential purchaser have commenced 
preliminary negotiation 
    * Final price of potential transaction has not yet been 
agreed between potential vendor and potential purchaser 
    * A controlling shareholder of co, an independent third 
party has recently made a preliminary proposal on 28 sept 
    * Noted recent movement in price and trading volume of 
shares of company 
    * Save as disclosed , board is not aware of any reasons for 
price and volume movements 
    * Potential vendor has not  entered into any agreement or 
understanding with potential purchaser with respect to potential 
transaction 
    * Has applied to stock exchange for resumption of trading in 
shares with effect from 2:00 p.m. On 29 september 2016 
    * Proposal for purchase of an aggregate of 599.1 million 
shares in company held by vendor 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS60p0Ts 
Further company coverage:  3708.HK  
 
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