HONG KONG Jan 12 Shares of property developer
China Vanke Co Ltd were suspended from trade in Hong
Kong on Thursday, according to the Hong Kong stock exchange.
It was not immediately clear if the suspension was initiated
by the bourse or the company. The bourse gave no further details
about the suspension, pending an additional statement.
China Vanke has been at the center of a rare corporate power
struggle in China, at odds with its biggest shareholder the
Baoneng financial conglomerate. Rival Evergrande Group
has also built up a big stake.
(Reporting by Donny Kwok; Editing by Edwina Gibbs)