TRADING in shares in South China Morning Post (Holdings) Ltd remains suspended as talks continue between News Corporation and an independent, unnamed, third party to acquire its controlling stake in the Hong Kong newspaper and magazine publisher.
The company's shares were suspended from trading on Friday before an initial statement was issued on negotiations for the sale of News Corporation's interest.
SCMP company secretary Daniel Doo said yesterday: ''The directors of the company have been advised that the discussions mentioned are ongoing, and in the light of the wide-ranging rumours and press articles that have appeared since the suspension of trading in the company's shares, it is considered appropriate to continue the suspension until such time as a definitive statement can be made.''
