FNN

FNN: extends gains, rising as high as $9.21 after OUE requests a trading halt. Three possible reasons are cited by several analysts for the halt. Several note OUE's results are due after the market close, but OUE didn't request a halt before its previous quarter's results. A couple analysts note the Business Times reported, citing sources, OUE has made a flurry of moves over the past week to work out a potential bid for F&N before the deadline for the original F&N bid from TCC Assets. But F&N shares continue to trade, suggesting the announcement may not be related to the F&B company. Another analyst says the halt may be a potential response to the Business Times article, or that an announcement on its Mandarin Oriental assets may be in the works OUE has been in talks to sell the hotel and mall on Orchard Road. F&N is up 1.1% at $9.19.