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Equities

Investors unsure as takeover rumor befalls Peninsula operator

Hongkong and Shanghai Hotels shares remain range bound on mixed bets

The Peninsula Hong Kong hotel is located at the tip of Kowloon Peninsula.

HONG KONG -- Share price was range-bound Wednesday morning for Hongkong and Shanghai Hotels, operator of Peninsula luxury hotels, as speculation of a hostile takeover resulted in mixed investor reactions.

Shares were trading at around 14.000 Hong Kong dollars on the Hong Kong market after news that investment company Tai United Holdings boosted its equity holdings in HSH, touching off speculation that it may have become the target of a hostile takeover attempt.

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