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China Inv Hold (00132) in usual biz talks, resumes trd
07 Mar 2017
(Infocast News) Application has been made by China Investments Holdings (00132) to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange from 9:00 a.m. on 7 March 2017. The company has released an announcement in response to recent increase in the price and trading volume of its shares.

The board of the company said that as stated in the group's financial reports, the group would continue to explore new opportunities for business expansion and to identify projects with potentials for long-term development and stable income prospects for the continued development of the group and to improve returns for its shareholders. As such, the group was in discussions from time to time with different prospective parties in relation to various business developments and/or investments opportunities, including further development for elderly care services, in line with the group's business strategies, accumulated know-how and potential development needs.

The group was also in preliminary discussions for other potential investment projects which, if materialised, might constitute notifiable transactions of the company under the Listing Rules. The board confirmed that no agreements in relation to any of the aforesaid discussions have been reached as at 6 March 2017.

(WL)
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