China's Tian Ge seeks to resume trading

Chinese mobile and online game operator Tian Ge Interactive Holdings said it had applied to resume trading on Monday after a two-week halt, which was triggered by a research report that caused a sharp fall in its shares. The company also said its board had approved on Friday a programme to repurchase up to HK$600 million ($77 million) of shares from the open market, or 7.97 percent of the existing issued share capital based on the August 17 closing price. Tian Ge's shares have been suspended from trading since August 17, a day after research firm Emerson Analytics issued a report saying the company had exaggerated its user base and inflated its revenue.