Maoye International (HKG:0848) announced that its 29.9%-owned subsidiary company, Qinhuangdao Bohai Logistics Holding Corporation Ltd. (Bohai Logistics), is planning for a material asset reorganisation and trading in the securities of Bohai Logistics on the Shenzhen Stock Exchange has been been suspended with effect from 9 January 2012.

Bohai Logistics intends to make disclosure in relation to the reorganisation in accordance with relevant regulatory requirements by 8 February 2012.

Bohai Logistics undertakes that it shall not undergo any material asset reorganisation within three months after resumption of trading of its securities on the Shenzhen Stock Exchange.

Source:chinesestock.org