UPDATE 1-Great Eagle shares suspended -HKEx

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HONG KONG, May 28 (Reuters) - Trading in shares of developer Great Eagle Holdings Ltd (0041.HK) was suspended on Wednesday, pending a statement in relation to the sale of property assets, the Hong Kong exchange said. Trading in the shares would be suspended pending a statement on the sale of retail, carpark and certain office portions of Langham Place and the acquisition of 2008 bonds convertible into Champion REIT (2778.HK) units, the property group said.

No further details were immediately available.

Hong Kong's Champion REIT announced in February it would buy most of a 59-storey office tower and mall from Great Eagle Holdings, saying a bank loan, convertible bonds and a unit sale would fund the $1.6 billion deal.

The real estate investment trust is raising up to $980 million through a sale of units and convertible bonds to buy the Langham Place office and retail complex, according to a document sent to investors on Tuesday.

Shares of Great Eagle have fallen 11.8 percent so far this year to end at HK$25.70 on Tuesday. (Reporting by Jimmy Tsim; Editing by Anne Marie Roantree)