HONG KONG -- Shares in Hong Kong conglomerate Wharf (Holdings) are holding steady near the previous day's closing level, with investors polarized over the possible fate of its telecommunications business.
Rumors emerged on Monday that the company, which engages in real estate development, among other things, is mulling whether to sell its telecommunications unit, one of its core businesses. There is also speculation that Wharf is looking for a partner rather than a buyer. Caught in the middle, and amid a growing wait-and-see mood, investors pulled the shares in both directions. The stock ended Tuesday up 0.11%.
