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SCMP Reporter

Hong Kong-listed portal operator Renren Media has suspended share trading, pending an announcement on a possible sale of a significant shareholding in the company by controlling shareholders. A company spokesman said Renren Media's controlling shareholder Renren Media Holdings might sell part or all of its 69.15 per cent stake in the company. Renren Media Holdings counts News Digital Ventures, the venture-capital arm of media giant News Corp, and United States-based venture-capital company JH Whitney among its shareholders.



Renren suspension