NWS Holdings halted on sale of Taifook stake -HKex

HONG KONG Nov 20 (Reuters) - Trading in shares of NWS Holdings Ltd (0659.HK) was suspended on Friday pending a statement relating to the sale of its interest in Taifook Securities (0665.HK), the Hong Kong exchange said.

No further details were immediately available.

Hong Kong brokerage Taifook and China's Haitong Securities 600837.HK shares were suspended on Monday following a Reuters report that Haitong planned to buy control of Taifook.

Haitong had agreed to buy some or all of NWS's stake in Taifook, and planned to bid for the remaining shares later, which valued Taifook at $454 million, a person with direct knowledge of the situation told Reuters on Saturday. [ID:nHKG156936] (Reporting by Jimmy Tsim; Editing by Jacqueline Wong)