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Et-China soars after Kuoni buys hedge fund’s 31.8 pct stake in company

Proactive Investors UK – Shares in Et-china.com International Holdings LTD (AIM: ETC) got an enormous boost today from news that Kuoni Travel Holding Ltd has bought the 31.8 percent stake in the company that was held by hedge fund Gandhara Master Fund Ltd. Financiasl details were not disclosed

At mid-morning, Et-China was trading up nearly 65 percent from yesterday’s closing level.

In a statement, the group said it considers the acquisition of Gandhara’s shares to be in Et-China’s best interests given the expected synergistic benefits and the global expertise of Kuoni.
 
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