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Equity News
May 12 2008 10:04PM
UPDATE 1-Trade in 45 Chinese stocks to be suspended on quake

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BEIJING, May 12 (Reuters) - Trade in the shares of 45 listed Chinese companies based in southwestern Sichuan province and the municipality of Chongqing will be suspended from Tuesday because of Monday's earthquake, the official Xinhua news agency said.

Xinhua cited the Shanghai Stock Exchange as saying trade would be suspended because the exchange was unable to get in contact with the companies. Trading in the stocks would only resume after the companies had published statements on the impact of the earthquake on their operations, it said.

The companies whose shares would be suspended included:

-- Sinolink Securities <600109.SS>

-- Sichuan Hongda <600331.SS>

-- Chongqing Three Gorges Water Conservance and Electric Power Co Ltd <600116.SS>

-- Sichuan Road & Bridge <600039.SS>

-- Sichuan Minjiang Hydropower Co Ltd <600131.SS>

-- Tuopai Yeast Liquor Co Ltd <600702.SS>

Xinhua also said three companies listed in Shenzhen had issued statements on the damage they had incurred. Panzhihua Iron & Steel (Group) Co <000629.SZ> and Luzhou Lao Jiao Co Ltd <000568.SZ> said they had not been impacted by the earthquake.

Sichuan Gaojin Food Co Ltd <002143.SZ> said some of its property had been affected, but it was covered by insurance. (Reporting by Jerry Hua and Jason Subler; Editing by David Holmes) ((For a related story please double click on [ID:nSP239734])) (([email protected]; +8610 6627 1215; Reuters Messaging: [email protected]))

Keywords: QUAKE/SHARES

Keywords: QUAKE/SHARES

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