SMI Says It Has Started Shutting Securities Trading, Investment Accounts

SMI Corp. has started closing all its investment and securities trading accounts to focus on the entertainment and cinema-operation industry, the company said in a Hong Kong stock exchange filing today.

The company also amended the terms of its placing agreement to delete its undertakings to close investment and securities accounts and not open them again, SMI said. The company’s stock will resume trading in Hong Kong tomorrow.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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