Reuters logo
Shares of Shanghai Pudong Dev Bank suspended- stock exchange
March 17, 2014 / 1:36 AM / 4 years ago

Shares of Shanghai Pudong Dev Bank suspended- stock exchange

SHANGHAI, March 17 (Reuters) - Shares of Shanghai Pudong Development Bank Co Ltd were suspended from trading on Monday pending an important announcement, the Shanghai Stock Exchange said.

The announcement came after a source-based report by China Business News that Pudong Development Bank will likely acquire state-owned trust firm Shanghai Trust as part of the Shanghai government’s plan to consolidate the city’s financial industry. (Reporting by Samuel Shen and Kazunori Takada)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below