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Kresta in trading halt pending Chinese takeover bid news

Shares in Australia's biggest blind and curtain maker Kresta have been halted from trade ahead of an expected announcement about a takeover offer from China.

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Shares in Australia's biggest blind and curtain maker Kresta have been halted from trade ahead of an expected announcement about a takeover offer from China.

Kresta in June received notice from a subsidiary of Chinese sunshade maker Ningbo Xianfeng New Material Co that it intended to make a 23 cents-a-share offer for the Australian company.

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    Original URL: https://www.afr.com/companies/financial-services/kresta-in-trading-halt-pending-chinese-takeover-bid-news-20140714-ji5p9