July 15 -- Wuhan Department Store Group (000501) filed that as of yesterday its parent company, Wuhan Business Alliance Group, and its PACs have increased their holdings to 152.17 million shares, or a 29.99-percent stake, reports China Securities Journal. The parent and its PACs may further increase their holdings via a partial tender offer.

Since the tender offer report is being drafted, the company’s share trading is suspended today and will resume in five trading sessions with the release of the report.

The company suspended its share trading on April 14 due to an assets restructuring planned by the parent company. Wuhan Zhongnan Commercial Group (000785) and Zhongbai Holdings Group (000759) also suspended their share trading for the same issue. But on June 9, Wuhan Department Store announced it would end the restructuring because conditions were not ideal, and it resumed share trading that day.

The parent also pledged that it would not conduct any restructuring within the next three months. At present, share trading of Zhongnan Commercial and Zhongbai Holdings is still suspended.