HONG KONG, March 14 Shares in New World China
Land Ltd were set to jump 30.9 percent when trade
resumed on Friday after its parent, New World Development Co Ltd
, said it planned to take it private at a 32 percent
premium to the previous closing price.
Hong Kong developer New World Development said it would take
its flagship property arm in China private for HK$18.6 billion
($2.4 billion) with the aim of simplifying the group structure
and creating more flexibility for it to manage the business of
the China-focused property unit.
Trading in both companies has been suspended since Tuesday.
(Reporting By Yimou Lee; Editing by Paul Tait)