Shares in China FAW halted amid asset purchase reports

Newswire

SHANGHAI, March 28 (Reuters) - Shares in China's FAW Car Co. Ltd. were suspended from trading on Wednesday after reports that the company may buy assets including a stake in a joint venture with Germany's Volkswagen from its parent. Trading would be suspended until further notice, the Shenzhen Stock Exchange said in a statement. The move by FAW would be a part of an initial plan to list all of its main assets, 21st Century Business Herald cited a source close to FAW's parent company as ...

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