Hong Leong Asia cites CIMB report as one likely reason for unusual trading activity of shares

SINGAPORE (Oct 25): Hong Leong Asia cited last Friday’s CIMB’s initiation report on subsidiary China Yuchai International as one of the likely reasons for the unusual trading movement of its shares today.

See: CIMB starts US-listed China Yuchai with 'add' on anti-pollution policies

Another possibility is the announcement Hong Leong Asia made last Thursday that subsidiary HL Global Enterprises (HLGE) had completed the disposal of its indirect 60% stake in Copthorne Hotel Qingdao Co. by way of public tender on the Shanghai United Assets and Equity Exchange.

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