Chuang's Consortium International said yesterday it was in talks with a third independent party for a placement after noting an increase in its share price and trading volume. In an announcement requested by the Stock Exchange of Hong Kong, the company said a further announcement would be made should any firm proposal materialise or any agreement be entered into. It said the negotiations for a share placement might not be successfully concluded. Shares in the company closed at 77 cents on Friday after an intra-day trading price of 68 cents and a high of 78 cents. The company recorded a jump of 81.3 per cent to $59.09 million in net profit for the six months to September 30 on an exceptional $16.56 million gain from the sale of interests in a listed subsidiary. Turnover rose 63 per cent to $478.08 million. The company is engaged in property investment and development in Hong Kong and Southeast Asia, money lending, project management and the manufacture and sale of bonded-polyester fabrics and home-finishing products.