Wing Lung, China Merchants halted amid sale talk

Thu May 29, 2008 9:34pm EDT
 
[-] Text [+]

HONG KONG, May 30 (Reuters) - Shares in Hong Kong's Wing Lung Bank 0096.HK and mainland-based China Merchants Bank (3968.HK) were suspended on Friday morning amid widespread reports that China Merchants was close to a deal to acquire Wing Lung.

A Wing Lung statement said its shares were suspended pending the release of possibly price-sensitive information. No other details were immediately available. (Reporting by Tony Munroe; Editing by Anne Marie Roantree)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better