Luoyang Glass Shares Rise on Investor Stake Transfer

Luoyang Glass Co. rose the most in more than a year in Hong Kong trading after saying China Building Material Glass Co. will acquire a 51.7 percent stake in the glass firm’s parent company.

The stock jumped 14 percent to HK$2.24 at the 12:30 p.m. break, the biggest gain since Aug. 5 last year. The company’s Shanghai-traded shares rose 5 percent to 7.64 yuan at 11:30 p.m. break.

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600450 Luoyang Glass Shares Rise on Investor Stake Transfer glassonweb.com

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