HONG KONG, Dec 12 (Reuters) - Hong Kong shares reached a
16-month closing high on Wednesday, widening their
outperformance over wobbly mainland-listed peers, as stepped-up
merger activity and a strong showing overnight on Wall Street
encouraged investors to extend a recent rally.
The Hang Seng Index closed up 0.8 percent at
22,503.4. The China Enterprises index of top locally
listed mainland firms rose 1.5 percent.
In China, the CSI300 closed up 0.4 percent at
2,267.77. The Shanghai Composite also rose 0.4 percent.
* Guoco Group, a holding company which has
investments in financial services, property and leisure
businesses, saw shares surge more than 30 percent after its
major shareholder offered to take the company private.
* Sands China rose 2.9 percent and Galaxy
Entertainment jumped 3 percent after brokerage Credit
Suisse named the two as among its favoured Macau picks. Credit
Suisse expects Macau gambling revenue in December to grow as
much as 31 percent from a year earlier.