UPDATE 2-Denway falls even as shareholder supports privatisation

Newswire

* Denway shrs as much as 7 pct; broader mkt down over 2 pct * Shares down 27 percent since privatisation bid * "Valuation ratios are fair" - Templeton (Adds Templeton's confirmation, updates share price) HONG KONG/GUANGZHOU, May 25 (Reuters) - Shares in Denway Motors fell as much as 7 percent on Tuesday, despite news that Templeton, its largest minority shareholder, is supporting a controversial plan by Denway's parent to take the company private. Denway shares have tumbled 27 ...

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