Deals
Sinotrans Jumps on Merger Report of Parent With Merchants Group
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Sinotrans Ltd. and Sinotrans Shipping Ltd., controlled by China’s second-biggest commodity-shipping company, jumped in Hong Kong trading on a report about a merger between China Merchants Group and their parent.
Sinotrans Shipping rose as much as 19.9 percent, the most in more than six years, on Friday before narrowing gains to 5.5 percent at 11:04 a.m. Hong Kong time. Sinotrans Ltd. advanced as much as 11 percent.