** Shares of industrial towns developer and operator China VAST Industrial Urban Development Co Ltd jump as much as 25% to HK$2.30 in resumed trade, the biggest daily pct gain since debut in August 2014
** Stock hits the highest since Oct. 29; third biggest percentage gainer on the Hong Kong bourse
** Major shareholder China Jinmao Holdings Group Ltd
plans to take China VAST private by offering HK$2.40 per share for shares hold by non-controlling shareholders amid low trading liquidity of the unit
** The offer price represents a 30.4% premium over China VAST's previous close of HK$1.84 each prior to a trading halt on June 6
** Shares of property developer China Jinmao fall 1.9%
** Hang Seng Mainland Properties Index drops 2.1% and Hang Seng Composite Index on properties and construction stocks falls 1.5%
** The Hang Seng Composite Index and the benchmark Hang Seng Index both slip 0.8%
** As of last close, China VAST stock had surged 20.3% this year
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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