SCMP bemused by share spike

Publisher of the Hong Kong daily newspaper at a loss to explain surging stock price, despite admission of acquisition talks.

SCMP bemused by share spike

Hong Kong’s stock exchange halted trading in SCMP Group yesterday after its shares soared almost 23% in morning trading.

The company, which publishes the city’s leading English-language newspaper, The South China Morning Post, said later in the day that it was “not aware of any reasons” for the sudden interest in its shares and that there was no inside information that needed to be disclosed.

However, it then went on to say...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition