Greenfield Chemical Says Parent Was Approached on Potential Sale
Greenfield Chemical Holdings Ltd. (582), a maker of coatings and solvents whose shares surged as much as 28 percent in Hong Kong before trading was halted today, said its parent company was approached about a possible share sale.
Hong Han Ltd., the parent, doesn’t plan to sell any shares until a separate acquisition announced in March is completed, Greenfield said in a filing to the Hong Kong Stock Exchange today, without identifying the potential purchaser.
Greenfield rose 22 percent to 23 Hong Kong cents when trading was halted. Trade will resume tomorrow, according to the filing.
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