Hefei Urban Construction Development Halts Securities Trading Ahead of Acquisition Announcement

MT Newswires Live

Sep 09, 2024

The trading of Hefei Urban Construction Development (SHE:002208) shares was suspended on Monday amid plans pending the announcement related to the acquisition of Anhui Public Resources Trading Group.

The residential property developer said the suspension was due to the uncertainty of the relevant matters and to avoid a major impact on the company's securities trading, according to a same-day filing with the Shenzhen bourse.

Hefei Urban Construction Development expects to disclose the transaction plan before Sept. 25.

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