Tuesday, October 09, 2012
Birmingham International approached on sale of football club
HONG KONG (Reuters) - Birmingham International has been approached by potential buyers on the sale of its namesake English football club, the company said on Tuesday.
No binding agreements have been entered into on the sale of Birmingham City Football Club, and discussions are still at an early stage, the company said in a statement posted on the Hong Kong bourse.
Trading in the company's shares has been suspended since June 2011, when its majority shareholder Carson Yeung was arrested for five counts of alleged money laundering of more than HK$720 million (57 million pounds).
(Reporting by Kelvin Soh; Editing by Daniel Magnowski)