China Huiyuan Juice Group Ltd is seeking to raise up to HK$390 million ($50.3 million) by issuing new shares, IFR reported, after the company halted trading in its shares earlier on Wednesday.China's best-known juice brand is offering 75 million shares in the HK$5.00-5.20 per share range, a discount of up to 8.3 percent to Tuesday's close, said IFR, a Thomson Reuters publication.The company in said in a stock exchange filing that the suspension was related to "possible inside information". A spokesman declined to provide further details.Bankers earlier had speculated the halt could be related to an acquisition. In 2009, China scuttled a planned $2.4 billion takeover of Huiyuan by The Coca-Cola Co, citing the country's anti-monopoly law. Coca-Cola is the world's largest soft-drink maker and the acquisition would have been the largest-ever takeover of a Chinese company by a foreign rival.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.32% or $-0.12/share to $37.45. In the past year, the shares have traded as low as $27.54 and as high as $38.73. On average, 861686 shares of TRI exchange hands on a given day and today's volume is recorded at 638713.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.25% or $-0.1/share to $39.88. In the past year, the shares have traded as low as $27.35 and as high as $40.61. On average, 939088 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 844777.
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