WSP Holdings says irregular trading may be due to speculation on transaction
WSP Holdings noted that certain irregular trading activity of its American depositary shares took place on August 8. The company believes that the irregular trading activity may be attributable to recent market speculation surrounding the status of the company's going private transaction arising from a third-party article. WSP said: "The company is currently working to address the non-compliance of its reporting obligations and complete the financial audit for the year ended December 31, 2012. The company expects to make another announcement as soon as it has an update on the going private transaction."
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