Kerry Media to buyout SCMP, shares suspended
HONG KONG, Dec 13 (Reuters) - Newspaper publisher SCMP Group Ltd (0583.HK: Quote, Profile, Research, Stock Buzz) said on Thursday it had received a notice from its substantial shareholder, Kerry Media Ltd, that it will make a mandatory offer for the shares of the company.
Trading in the company was suspended on Thursday morning, pending a formal announcement on the offer, it said.
Its stock rose 4.6 percent to HK$2.50, prior to the suspension. (Reporting by Alison Leung; editing by Anne Marie Roantree)
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