SCMP shares fall 10pc after acquisition talks

Shares of SCMP Group, the publisher of the South China Morning Post, fell as much as 10 per cent in resumed trade on Tuesday after it said it was in talks about the possible acquisition of a group of media companies.

The company said after the market closed on Monday that it was in negotiations with third parties, though it did not identify the targets. The disclosure came almost four hours after its shares surged as much as 31 per cent before a trading halt.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1153752/scmp-shares-fall-10pc-after-acquisition-talks