HONG KONG Nov 21 Shares of Hong Kong-listed
handbag retailer Milan Station Holdings Ltd were set
to surge 50 percent on Thursday after the company said its
controlling shareholder was in talks over a possible stake sale.
"Perfect One is in a preliminary discussion with an
independent third party not connected with the company ... which
raises the possibility of an acquisition of interests in the
shares of the company," Milan Station said in a filing to the
Hong Kong Stock Exchange late on Wednesday.
Perfect One Enterprises Ltd currently holds roughly 72.29
percent of Milan Station shares.
Milan Station has a market value of $52.2 million.
(Reporting by Clare Baldwin and Donny Kwok; Editing by Anne