MARKET TALK: Cathay Pacific Halted; Announcement Soon
0645 GMT [Dow Jones] Cathay Pacific (0293.HK) shares suspended from trading,
no reasons given yet. Cathay spokesperson tells Dow Jones that company will
make announcement "soon" but declines to elaborate further. Stock soars 10.7%
to HK$22.70 before suspension, lifted by surging mainland airlines. Fact that
China Eastern Airlines (0670.HK), China Southern Airlines (1055.HK), Air China
(0753.HK) continue to trade may suggest suspension not related to M&As or
cooperation involving these airlines. (RLI)
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