HK's Launch Tech suspended on bonds issue

Newswire

HONG KONG, Oct 31 (Reuters) - Trading in the shares of automotive services company Launch Tech Co Ltd was suspended on Friday pending an announcement in relation to a proposed convertible bond issue, the Hong Kong stock exchange said. No further details were immediately available. Shares of Launch Tech finished at HK$2.275 on Thursday. They have gained 25 percent in the past month and have rallied 47 percent in the past three months.

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