Trading in shares of Great Wall Motor was suspended on Friday, the Hong Kong exchange said, giving no further details.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The stock rose 6.9% to a record before steadying at HK$28.80 prior to the suspension, still up 6.7%, Reuters reported.

The automaker said it would sell a real estate development and construction materials distribution subsidiary to its controlling shareholder for CNY386.9m in a bid to focus on its core business.