: Country Garden shares rally on disputed report that Ping An was asked to buy it

Shares of Country Garden ended sharply higher on Wednesday after a report that the Chinese government wanted Ping An Insurance to take control of the company.

Country Garden shares
2007,
+12.16%
ended 12% higher, while Ping An
2318,
-5.41%
stock fell 5%, following the Reuters report, which cited two people sources with direct knowledge of the matter.

This post was originally published on Market Watch