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China's Datang Power shares suspended after surge

Thu Dec 27, 2007 11:31pm EST

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SHANGHAI, Dec 28 (Reuters) - China's Datang Power (601991.SS) (0991.HK) said on Friday that trade in its shares was suspended in Shanghai starting from Friday after they had surged 23 percent over the past three trading days.

Datang Power said the company was planning a reorganisation and would discuss the issue with regulators within eight trading days, but gave no further details.

Datang Power's A shares on the Shanghai Stock Exchange closed at 20.62 yuan on Thursday.

Datang's Hong Kong-listed H shares were up 1.9 percent in late morning trade on Friday at HK$7.01, outperforming a 1 percent drop in Hong Kong's benchmark Hang Seng Index .HSI. (Reporting by Alfred Cang; Editing by Edmund Klamann)



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