Changhong Jiahua Holdings (3991 HK) (CJ), which is principally engaged in the distribution of consumer electronic products, is suspended pursuant to the Takeovers Code.
Sichuan Changhong Electric Co, Ltd. (600839 CH) holds ~60.13% of the shares outstanding. And 100% of the preference shares (76.7% of shares out).
This week, a final judgement, concerning monies owed, was ruled in CJ's favour. The sum involved is ~30% of CJ's market cap.
Changhong Jiahua Holdings is super illiquid - look away now if this is not your bag.
NEW News
Changhong Jiahua Holdings (3991 HK) (CJ) shares are halted pursuant to the Code on Takeovers and Mergers.
That's it.