Citic Pacific shares trading suspended in Hong Kong

By Eason Sun
02 December 2008 @ 02:25 am EDT

Citic Pacific Ltd, the Hong Kong arm of a Chinese government investment company, has requested the suspension of trading of its shares in the Hong Kong Exchange today.

The company has not provided any reason for its request. The trading of its shares was suspended pending a statement related to the issue of convertible bonds to its parent company.

Contrary to media reports, Yung Chi Kin is still the chairman of the company and has not been dismissed.

Shares of Citic Pacific closed at HK$6.03 ($0.78) on Monday.

This article is copyrighted by International Business Times.

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